Talk of The Villages Florida - View Single Post - Owner's Title Insurance
Thread: Owner's Title Insurance
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Old 09-06-2013, 09:49 PM
justjim justjim is offline
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Default Why such a spread
Quote:
Originally Posted by Spectreron View Post
Jimbo2012 I have the closing worksheet in front of me and Owners Title Insurance is $2210 and Lenders Title Insurance is $271...I pay both. That is a far cry from $700!
Why such a spread difference between the Lenders Title Insurance and the Owners title Insurance? I'm sure Spectreron you are correct as you are looking at the numbers----I must be missing something. I understand that the Owners policy would cover 20% more (assuming 20% down) but this seems more than usual to me. The Owners policy would also be lifetime but the lender policy 20 or 30 possible years. It still seems low risk for the insurance company. A rip off in my opinion. Insurance Co. Wins again!
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