Tie-in endorsements

{
  "id": "MLC-T-INS-003332",
  "term": "Tie-in endorsements",
  "field": "Insurance and risk management",
  "definition": "A title insurance loan policy endorsement, also called the aggregation endorsement, used when one loan is secured by mortgages on parcels in different counties or states. The insurer issues a separate policy for each parcel, and the endorsement ties them together so the amount of insurance available for a loss is the combined amount of all the listed policies, and a lender can recover a loss above one parcel's allocated amount from the others. ALTA publishes it as Form 12, available only with loan policies, and the 2006 edition is numbered 12-06.",
  "url": "https://mlchart.com/terminology/insurance/tie-in-endorsements/"
}