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re: Buyer's Title Insurance

Posted on 1/22/17 at 8:57 am to
Posted by Lsukj
Prairieville, LA
Member since Sep 2014
106 posts
Posted on 1/22/17 at 8:57 am to
When financing a home, a lender/title company will quote you a simultaneous lenders and owners policy, so the lenders part is discounted. If you decline owner coverage, the lenders coverage reverts back to the standard rate. The savings between the two is usually a couple hundred bucks, depending on loan size. It is silly not to get it.
Posted by Fat Harry
70115
Member since Mar 2005
2221 posts
Posted on 1/23/17 at 11:41 am to
If you already have to get a lender's policy, the owner's policy is only a couple hundred bucks more. It's a no brainer.
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