Comments on: What You Need to Know About Title Insurance

By: Brian Kline

Brian Kline — Fri, 22 Nov 2013 15:57:31 +0000

Krissy, thanks for the comment. The Texas real estate market is huge. Do you have anything else to add?
Brian

By: Brian Kline

Brian Kline — Fri, 22 Nov 2013 15:55:58 +0000

Dennis, I’m learning that. Do you have anything else you’d like to add?
Brian

By: Brian Kline

Brian Kline — Fri, 22 Nov 2013 15:54:45 +0000

Thanks for commenting. Maybe you can say more about the R8 credit. The Texas real estate market is very active. I think other readers would be interested.

By: Clarita Rosa

Clarita Rosa — Thu, 21 Nov 2013 20:10:38 +0000

In Florida title insurance is regulated by the Dept of Insurance and rates are promulgated based on purchase price for the Owner’s
Title Policy at closing. Simultaneous issue charge may apply when pmm financing is involved. On refinance transactions, the owner’s title policy is always honored at time of closing for a reissue credit to be applied towards Lender ‘s new policy premium, as long as the insured owner is still vested in property.

By: Brian Kline

Brian Kline — Thu, 21 Nov 2013 18:33:59 +0000

Hi Dwayne,
I appreciate your comment. I’m sure you know much more about the subject than I do. If you can elaborate, I’m sure others will appreciate it.

Brian

By: MNHulse

MNHulse — Thu, 21 Nov 2013 18:00:18 +0000

Please note that in the State of Texas the title insurance premium is regulated by the Texas Department of Insurance, we can not give a discount. If you are refinancing your home within seven years of your last transaction (purchase money lien) then you are able to obtain an R8 credit, which is regulated by the Texas Department of Insurance as well.

By: Dwayne Rudisill

Dwayne Rudisill — Thu, 21 Nov 2013 15:26:16 +0000

Good article however in many states you cannot request a discount. In the State of Oregon all Title Companies are regulated by the State Insurance Commission and the rates are set in stone and all title companies adhere to those rates or risk being fined by the commission. There are some filed discounted rates built in to our rating manual such as a short term rate. You receive a 25% discount if the property has been insured by any title company in the past 3 years. There are also other reduced rates such as a builders rate etc. but again these are all regulated by the state.
Dwayne Rudisill
Vice President
Regional Title Operations Manager
First American Title Company
Jackson and Josephine Counties, Oregon

By: Dennis

Dennis — Thu, 21 Nov 2013 14:53:12 +0000

In many states, such as New York, title insurance premiums are requlated and they can not be negotiated

By: Krissy Whittington

Krissy Whittington — Thu, 21 Nov 2013 14:43:55 +0000

Rates for Title Insurance in Texas are set by Texas Department of Insurance. Shopping Title Companies will do you no go here.