Original Post from Spectreron:
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!
Quote:
Originally Posted by jimbo2012
That's what what I paid & several others I know.
You need to check on that, must be an error
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No errors. As with all insurance, the premium is linked to the amount of the coverage. If the insurance company is "on the hook" for $750,000, the premium will be higher than if the insurance company is risking $250,000.
This is also true for hazard insurance, auto insurance, etc. One person's experience (premium paid) will be different from another person's premium based on the particular facts and circumstances that enable the insurance company to quantify their risk exposure.