T-19.4 Procedural Rule

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T-19.4 Procedural Rule

Form Document
10/16/2024
V 4

ENERGY PROJECT – MINERALS AND SURFACE DAMAGE ENDORSEMENT (T-19.4)

Attached to Policy No.                               ; Applies to Parcel(s) Issued by

STEWART TITLE GUARANTY COMPANY

HEREIN CALLED COMPANY

 

The Company insures the insured against loss which the insured shall sustain by reason of damage to, enforced removal, or alteration of any Severable Improvements located  on the Land on or after Date of Policy resulting from the future exercise of any right  existing at Date of Policy to use the surface of the Land for the extraction or  development of coal, lignite, oil, gas or other minerals or any other subsurface  substances excepted from the description of the Land, excepted or excluded on  Schedule A, Item 2, or excepted in Schedule B. As used in this endorsement, "Severable Improvement" means property affixed to the Land at Date of Policy or to be affixed in  the locations according to the Plans, that would constitute an Electricity Facility but for  its characterization as personal property, and that by law does not constitute real  property because (a) of its character and manner of attachment to the Land and (b) the property can be severed from the Land without causing material damage to the  property or to the Land.

 

This endorsement does not insure against loss resulting from:

a.            contamination, explosion, fire, vibration, fracturing, earthquake, flood, or subsidence;

b.            negligence by a person or an Entity exercising a right to extract or develop  minerals or other subsurface substances; or

c.             the exercise of the rights described in: [Insert “None” or identify the interest  excepted from the description of the Land in Schedule A and/or specifically excepted in Schedule B that is intended to be excluded from coverage].

 

 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior  endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance.  To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this  endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements.

 

 

[Witness clause optional]

 

STEWART TITLE GUARANTY COMPANY

By:                                                       

   Authorized signatory

No guidelines are available for this form at this time.