EXTRA-HAZARDOUS RISKS

There are certain types of transactions that involve extra-hazardous risks and must always be submitted to the Company for approval prior to insuring. They are as follows:

  1. Title through (a) an unforeclosed tax deed, (b) a sheriff's deed under an execution sale, (c) a federal marshal's deed under an execution sale or seizure, (d) a sale by the Commissioner of the Internal Revenue Service for unpaid federal taxes, and (e) other similar sales.
  2. Title to land now under or formerly under navigable waters.
  3. Title to air space where separated from title to the soil.
  4. Title by adverse possession.
  5. Title to easements in gross, that is, easements that do not run with the land. Title to contracts to purchase or options to purchase.
  6. Title by escheat.