What is a title insurance "re-issue" rate?
Reduced title insurance premiums (also called “Reissue Rates”) are available if an owner’s title insurance policy has been issued for the property to be insured within the last 10 years. Reissue rates can be used by a new purchaser or by the current owner in the event of a refinance. This rate, which is 70% of the published rate, applies on amounts up to the face amount of the policy in existence. What this means is that if there is a current policy for $200,000.00 and the sales prices is $250,000.00, there is a discount on the first $200,000.00 and the balance of $50,000.00 is charged at the full premium.

Posted By: Connie Thomas, Lytle Title and Escrow on Friday, December 10, 2010