Rates & Discounts
RATES: Title insurance rates are based upon published charts from the underwriters we write for, First American and Fidelity. There are two broad categories of policies: owners' policies and lender's policies. If you are obtaining a mortgage (or loan) in connection with your purchase of real estate, the bank will require you to purchase a lender's title policy for their protection. On the other hand, the decision to purchase owners' coverage is up to you. The good news is that the published rate charts provide for an excellent rate when you purchase owners' and lender's coverage at the same time. In any event, we recommend that you obtain owner's coverage for your own protection.
Owner's coverage comes in two major types: standard policies and enhanced (or top tier) policies. Standard owners' coverage is good coverage. Enhanced coverage is better. For a comparison of the coverage for Standard Policies and Enhanced Policies, please see the article Which Policy is Right for You?
Estimated owners title insurance premiums are provided below for “enhanced” coverage and also “standard” owners’ coverage. Rates are based upon $1,000.00/sales price.
Owner's coverage comes in two major types: standard policies and enhanced (or top tier) policies. Standard owners' coverage is good coverage. Enhanced coverage is better. For a comparison of the coverage for Standard Policies and Enhanced Policies, please see the article Which Policy is Right for You?
Estimated owners title insurance premiums are provided below for “enhanced” coverage and also “standard” owners’ coverage. Rates are based upon $1,000.00/sales price.
Simultaneous Policy Issue Rate: This is when an owners’ policy and a lender’s policy are purchased at the same time; the total premium will generally be the owner’s title premium rate plus $150.00.
Reiusse Rate Discount: A discounted – or “reissue” – rate is generally given for a lender's title insurance policy when a lender’s title policy was purchased for the subject property in a previous transaction.
Veteran’s Discount: If you are a current or former member of the U.S. Armed Forces, let Arthur V. Shaheen know. He is a former active duty United States Marine.
Still have questions about rates? Email Arthur Shaheen (arthur@theshaheenfirm.com) or Lindsey Gilmer (lindsey@theshaheenfirm.com) or dial 540-953-5590.
Reiusse Rate Discount: A discounted – or “reissue” – rate is generally given for a lender's title insurance policy when a lender’s title policy was purchased for the subject property in a previous transaction.
Veteran’s Discount: If you are a current or former member of the U.S. Armed Forces, let Arthur V. Shaheen know. He is a former active duty United States Marine.
Still have questions about rates? Email Arthur Shaheen (arthur@theshaheenfirm.com) or Lindsey Gilmer (lindsey@theshaheenfirm.com) or dial 540-953-5590.
