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What is reissue credit?

April 26, 2017credit reissue

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What is reissue credit?

1 Answer

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Posted

This credit is given against the premium for a new owners policy in the event of a sale of the property if the party selling has an owners policy less than 3 years old at time of closing in the same names as the property is now being sold under. The rate is determined by the amount of the previous owners policy insured amount. Call for an exact reissue credit amount. This credit is also available without the 3 year limitation for all refinances.