TITLE INSURANCE PREMIUM
This one-time premium paid at settlement protects you as long as you or your heirs own the property. If the property was covered by title insurance in the last 10 years, you may qualify for the reduced “re-issue” rate. Title insurance protects your equity and your home from matters that a title search may not reveal. Please read your title insurance policy carefully as it may limit or restrict your coverage.
The premium for title insurance is set by The Pennsylvania Insurance Department, and is based on the sales price (for a purchase), or the loan amount (for a refinance)