September’s Closing Tip is about New Title Insurance Rates.
“There is good news to share for all purchasers of title insurance. Effective September 1st, the basic premium rates have been reduced by 4.9%. The lowest rate tier is raised from $10,000 to $25,000 with the minimum basic rate being $328.00. For example, the current rate for $100,000 policy is $875.00. The new rate will reduce that premium to $832.00. We have new rate cards available this week so expect a visit soon from University Title. But, if you are just too excited, feel free to drop by either our University Drive or William D. Fitch office to pick one up. Our website calculator will reflect the new reduced premium rates soon.”