ALTA 36 title insurance endorsements provide insurance for energy projects. The series is split into two specific endorsements: the ALTA 36.4 endorsement for an owner’s policy, and the ALTA 36.5 endorsement for a lender’s policy. In this article, we are going to offer up a few tips for dealing with ALTA 36 endorsements.
Coverage is Tied to the Specified Site
Whether you’re dealing with the ALTA 36.4 or 36.5 endorsement, insurance coverage is tied to the survey site specified in the endorsement. These endorsements cover severable improvements, such as electric facilities characterized as personal property.
Numerous Items Are Covered
The ALTA 36 series covers numerous items, including (but not limited to):
- Electricity Generating Facility
- Transmission Distribution or Collector Line
- Interconnection Inverter
- Solar Panel
- Circuit Breakers
- Control Systems
- Relay Systems
Insuring Against Loss
The ALTA 36 land under development endorsements insures against loss or damage that the insured may sustain by reason of a violation of an enforceable covenant by virtue of the electricity facility or other severable improvement being located on the land.
Get Help with Your Commercial Real Estate Transaction
If you are looking for help with your commercial real estate transaction – you’ve come to the right place. Commercial Partners Title Company is known as the expert in commercial transactions. We have decades of experience underwriting title insurance for our clients. Reach out to us to discuss the specifics of your commercial transaction today. You can find us at our offices in downtown Minneapolis (in the US Bank building). We also work with clients in other states across the country.