Title insurance protects both the lender and the buyer from flaws in the title detected after the property is purchased. In most cases the amount insured is equal to the Purchase Price. It is negotiable between the buyer and the seller who pays for title insurance.
Not Required (Do Not Enter in Commas)
Min: 0
Max: 10
Decimals: 2
Remarks
A good "estimate" is $2.50 per $1,000 of the Purchase
Price. A more accurate number may be obtained from a source where you are
planning to buy.
Important Tip: A combined lender/owner policy may save you money. Additional savings may be possible if a "reissue rate" is available from the company who previously insured the title.
Example
If Title Insurance is $2.75 per thousand, enter: 2.75
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