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What Is Title Insurance Premium?

Insurance Premium title
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What Is Title Insurance Premium?

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The State Board of Insurance sets title insurance premium rates so that all Title Companies in the State of Texas are governed by the same rates, and thus should charge the exact same premium.

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Peter Paul

One of the great mysteries for buyers, Realtors®, and loan officers, is how the title insurance premium is calculated. For purchases, the sales price determines the cost of the owners or homeowners title policy regardless of the loan amount. The lender’s policy is included in that price for an additional $50 simultaneous issue fee.

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