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>> Where this gets kind of crazy is if you own a property and have title insurance on it from when you bought it, then you do a refinance, you're often required
by abjr 5y ago
>> Where this gets kind of crazy is if you own a property and have title insurance on it from when you bought it, then you do a refinance, you're often required to buy the insurance again because that original policy ends.
That's when you ask for the re-issue rate.
http://www.insuranceqna.com/title-and-mortgage-insurance/what-is-a-reissue-rate-on-title-insurance.html http://www.insuranceqna.com/title-and-mortgage-insurance/wha...
- conductr 5y agoStill it's "40-60% cheaper" which means it's 60-40% more expensive than it should be. It's exactly zero additional risk and the point of insurance is to manage risk.