Title Insurance Premiums
Click on a jurisdiction below to review title insurance policy premiums associated with the purchase and sale of a residential property.
District of Columbia
OWNER’S POLICY
The owner’s policy protects against a loss that may occur from a fault in your ownership or interest you have in the property. A title policy will protect the equity in your new home.
POLICY RATES DO NOT INCLUDE THE $150 SIMULTANEOUS ISSUE FEE.
Standard coverage
(minimum premium $228)Amount of Insurance Cost Factor Plus On Amount Over Up to $250k $5.70/$1k — — $250,001 to $500,000 $1,425.00 $5.10/$1k $250k $500,001 to $1 million $2,700.00 $4.50/$1k $500k $1,000,001 to $5 million $4,950.00 $3.90/$1k $1 million $5 million to $15 million $20,550.00 $1.05/$1k $5 million $15 million+ $31,050.00 $0.90/$1k $15 million Enhanced coverage
(minimum premium $274)Amount of Insurance Cost Factor Plus On Amount Over Up to $250k $6.84/$1k — — $250,001 to $500,000 $1,710.00 $6.12/$1k $250k $500,001 to $1 million $3,240.00 $5.40/$1k $500k $1,000,001 to $5 million $5,940.00 $4.68/$1k $1 million $5 million+ $24,660.00 $3.96/$1k $5 million LENDER’S POLICY
The lender’s policy protects the mortgage holder (the institution that owns the mortgage). If there is a fault in title that results in a loss, the mortgage holder will be paid back.
Standard coverage
(minimum premium $168)Amount of Insurance Cost Factor Plus On Amount Over Up to $250k $4.50/$1k — — $250,001 to $500,000 $1,125.00 $3.90/$1k $250k $500,001 to $1 million $2,100.00 $3.30/$1k $500k $1,000,001 to $5 million $3,750.00 $2.70/$1k $1 million $5 million to $15 million $14,550.00 $0.85/$1k $5 million $15 million+ $23,050.00 $0.75/$1k $15 million WE OFFER AN ENHANCED LENDER’S TITLE POLICY UPON REQUEST.
E-MAIL [email protected] TO INQUIRE.NOTE: When calculating the cost of a policy, please keep in mind we use a tiered rate. So if the purchase price is $600k and a standard owner’s title policy is purchased, the cost is calculated by multiplying:
250 x $5.70 = $1,425250 x $5.10 = $1,275
100 x $4.50 = $450Total = $3,150 + (Simultaneous Rate) $150
Grand Total = $3,300 Simultaneous issue transaction
When an owner’s policy and a loan policy are issued simultaneously, the rate applicable for the owner’s policy shall be the regular owner’s rate. In all cases the owner’s policy shall be issued for the sale price of the property or, in the event there is no sale, the value of the premises.
An additional $150 will be added to the premium whenever a simultaneous issue occurs. These rates are based on the First American Title Insurance Company “Eagle Policy.” Quotes for other title insurance products are available upon request.
Title insurance re-issue rate policy
To qualify for a reissue rate, the borrower must provide the (seller’s) current owner’s title policy, which must be less than 10 years old. The reissue rate is based on the face amount (coverage) of the (seller’s) current policy.
Maryland
OWNER’S POLICY
The owner’s policy protects against a loss that may occur from a fault in your ownership or interest you have in the property. A title policy will protect the equity in your new home.
POLICY RATES DO NOT INCLUDE THE $75 SIMULTANEOUS ISSUE FEE.
Standard coverage
Amount of Insurance Cost Factor Plus On Amount Over Up to $250k $3.75/$1k — — $250,001 to $500,000 $937.50 $3.25/$1k $250k $500,001 to $1 million $1,750.00 $2.75/$1k $500k $1,000,001 to $5 million $3,125.00 $2.20/$1k $1 million $5 million to $15 million $11,925.00 $1.75/$1k $5 million $15 million+ $29,425.00 $1.50/$1k $15 million Enhanced coverage
Amount of Insurance Cost Factor Plus On Amount Over Up to $250k $4.60/$1k — — $250,001 to $500,000 $1,150.00 $3.95/$1k $250k $500,001 to $1 million $2,137.50 $3.30/$1k $500k $1,000,001 to $5 million $3,787.50 $2.60/$1k $1 million $5 million to $15 million $14,187.50 $2.20/$1k $5 million $15 million+ $36,187.50 $1.80/$1k $15 million LENDER’S POLICY
The lender’s policy protects the mortgage holder (the institution that owns the mortgage). If there is a fault in title that results in a loss, the mortgage holder will be paid back.
Standard coverage
Amount of Insurance Cost Factor Plus On Amount Over Up to $250k $2.65/$1k — — $250,001 to $500,000 $662.50 $2.25/$1k $250k $500,001 to $1 million $1,225.00 $1.90/$1k $500k $1,000,001 to $5 million $2,175.00 $1.60/$1k $1 million $5 million to $15 million $6,400.00 $1.30/$1k $5 million $15 million+ $19,400.00 $1.00/$1k $15 million WE OFFER AN ENHANCED LENDER’S TITLE POLICY UPON REQUEST.
E-MAIL [email protected] TO INQUIRE.When calculating the cost of a policy, please keep in mind we use a tiered rate. So if the purchase price is $600k and a standard owner’s title policy is purchased, the cost is calculated by multiplying:
250 x $3.75 = $937.50
250 x $3.25 = $812.50
100 x $3.30 = $330.00Total = $2,116.00 + (Simultaneous Rate) $75
Grand Total = $2,191.00 Simultaneous issue transaction
When an owner’s policy and a loan policy are issued simultaneously, the rate applicable for the owner’s policy shall be the regular owner’s rate. In all cases the owner’s policy shall be issued for the sale price of the property or, in the even there is no sale, the value of the premises.
An additional $75 will be added to the premium whenever a simultaneous issue occurs. These rates are based on the First American Title Insurance Company “Eagle Policy.” Quotes for other title insurance products are available upon request.
Title insurance re-issue rate policy
To qualify for a reissue rate, the borrower must provide the (seller’s) current owner’s title policy, which must be less than 10 years old. The reissue rate is based on the face amount (coverage) of the (seller’s) current policy.
However, if the buyer qualifies for the REAL Credit™ program, then we can only honor EITHER the re-issue rate or the REAL Credit™ – but not both.
Virginia
OWNER’S POLICY
An owner’s policy protects against a loss that may occur from a fault in your ownership or interest you have in the property. A title policy will protect the equity in your new home.
POLICY RATES DO NOT INCLUDE THE $150 SIMULTANEOUS ISSUE FEE.
Standard coverage
(minimum premium $228)Amount of Insurance Cost Factor Plus On Amount Over Up to $250k $3.90/$1k — — $250,001 to $500,000 $975.00 $3.70/$1k $250k $500,001 to $1 million $1,900.00 $3.40/$1k $500k $1,000,001 to $5 million $3,600.00 $2.25/$1k $1 million $5 million+ $12,600.00 $2.10/$1k $5 million Enhanced coverage
(minimum premium $274)Amount of Insurance Cost Factor Plus On Amount Over Up to $250k $4.68/$1k — — $250,001 to $500,000 $1,170.00 $4.44/$1k $250k $500,001 to $1 million $2,280.00 $4.08/$1k $500k $1,000,001 to $5 million $4,320.00 $2.70/$1k $1 million $5 million+ $15,120.00 $2.52/$1k $5 million LENDER’S POLICY
A lender’s policy protects the mortgage holder (the institution that owns the mortgage). If there is a fault in title that results in a loss, the mortgage holder will be paid back.
Standard coverage
(minimum premium $168)Amount of Insurance Cost Factor Plus On Amount Over Up to $250k $2.90/$1k — — $250,001 to $500,000 $726.00 $2.70/$1k $250k $500,001 to $1 million $1,400.00 $2.40/$1k $500k $1,000,001 to $5 million $2,600.00 $1.25/$1k $1 million $5 million+ $7,600.00 $1.10/$1k $5 million WE OFFER AN ENHANCED LENDER’S TITLE POLICY UPON REQUEST.
E-MAIL [email protected] TO INQUIRE.NOTE: When calculating the cost of a policy, please keep in mind we use a tiered rate. So if the purchase price is $600k and a standard owner’s title policy is purchased, the cost is calculated by multiplying:
250 x $3.90 = $975
250 x $3.70 = $925
100 x $3.40 = $340Total = $2,240 + (Simultaneous Rate) $150
Grand Total = $2,390 Simultaneous issue transaction
When an owner’s policy and a loan policy are issued simultaneously, the rate applicable for the owner’s policy shall be the regular owner’s rate. In all cases the owner’s policy shall be issued for the sale price of the property or, in the even there is no sale, the value of the premises.
An additional $150 will be added to the premium whenever a simultaneous issue occurs. These rates are based on the First American Title Insurance Company “Eagle Policy.” Quotes for other title insurance products are available upon request.
Title insurance re-issue rate policy
To qualify for a reissue rate, the borrower must provide the (seller’s) current owner’s title policy, which must be less than 10 years old. The reissue rate is based on the face amount (coverage) of the (seller’s) current policy.
However, if the buyer qualifies for the REAL Credit™ program, then we can only honor EITHER the re-issue rate or the REAL Credit™ – but not both.