Policy Amount
Owner's Policy
90% Loan Policy
IMPORTANT:
Every effort is being made to make this calculator accurate as of the changes beginning 1 August 2009, but no warranty is given regarding complete accuracy.
If you find an error, please
contact us
.
Note:
To compute any charge on a fractional thousand dollars of liability, consider any fraction of $1,000 as a full $1,000. All charges shall be rounded out to the nearest full dollar.
Explantion Of Rates
Owners Policies are issued for the full value of the property including encumberances.
Loan Policies are issued for not less than the amount of the loan.
A commitment to insure is issued for $50.00.
Owner's Policy Reissue Rates.
If property has been previously insured under an owner's or leasehold owner's policy, the reissue schedule is:
AGE OF PREVIOUS OWNER'S/LEASEHOLD OWNER'S POLICY
PERCENTAGE OF BASIC PREMIUM RATES
1 year or less
75%
More than 1 year but less than 2 years
80%
2 years or more but less than 3 years
85%
3 years or more
90%
If more insurance is desired or required under the reissue policy than was written in the original policy, the addtional coverage is computed at the Basic Premium Rate in the applicable bracket or brackets.
The rate for a loan policy simultaneously issued with an owner's policy will be $30.00 provided the amount of insurance in the loan policy does not exceed the owner's policy liability amount.
Construction Loan Policies are issued for $30.00 plus $1.00 per thousand of liability.
For rates on Substition Loans (Refinance), Second Mortgages or Subsequent Issues please
contact us.
© Quiet Title Co., LLC 2008,2009