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Rate Information
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Rate Summary
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The following information is provided as a quick reference guide.
For a detailed description of Chicago Title’s rate policies please
refer to the District of Columbia Rate Book. To
calculate a rate for a specific transaction use the rate calculator.
If you have any questions regarding rates, or need assistance with
rate calculation, please feel free to call your local underwriter.
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| Standard Owner’s Policy Rates |
| Per Thousand |
| Up to $250,000 of insurance written |
$4.75 |
| Over $250,000 and up to $500,000, add |
$4.25 |
| Over $500,000 and up to $1,000,000, add |
$3.75 |
| Over $1,000,000 and up to $5,000,000, add |
$3.25 |
| Over $5,000,000, add |
$2.75 |
| The minimum premium for an owner's policy (i.e., written for $40,000.00 or less
shall be $190.00 |
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| Homeowner’s Policy Rates |
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Homeowners’ policy rates are 20% higher than standard owner’s policy rates. To figure a Homeowner’s policy premium, calculate the premium for a standard owner’s policy and multiply it by 120% or 1.2. The minimum premium for a homeowner’s policy (i.e. written for $32,000 or less) shall be $150.00.
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| Standard Loan Policy Rates |
| Per Thousand |
| Up to $250,000 of insurance written |
$3.75 |
| Over $250,000 and up to $500,000, add |
$3.25 |
| Over $500,000 and up to $1,000,000, add |
$2.75 |
| Over $1,000,000 and up to $5,000,000, add |
$2.25 |
| Over $5,000,000, add |
$1.75 |
| The minimum premium for a standard loan policy shall be $150.00. |
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| Expanded Residential Coverage Loan Policy Rates |
| Expanded Residential Loan Policy rates are 20% higher than standard loan policy rates. To figure an Expanded Residential Loan Policy premium, calculate the premium for a standard loan policy and multiply it by 120% or 1.2. The minimum premium for an Expanded Residential Loan Policy shall be $120.00. |
| Simultaneous Issue |
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If a new owner's or loan policy is to be issued on real property currently insured
by an owner's policy issued by any title insurer, then a reissue rate shall apply
up to the face amount of any such owner's policy currently in effect as rounded
up to the next thousand. If the amount of owner's title insurance then in effect
is to be increased, then the premium for insurance coverage for any amount in excess of the insured amount of the current owner's policy must be calculated in accordance
with basic title insurance rates for owner's policies in the applicable premium
bracket as shown. If the new owner elects the ALTA Homeowners Policy, then the Homeowners
Policy rate should be calculated in accordance with the instructions. In all cases,
the burden of proving eligibility for the reissue rate premium shall be on the proposed
insured who must produce a current owner's title policy for the same real property
at or prior to closing. In no event shall the Company or its agents be required
to calculate the premium at the reissue title insurance rate if the insured fails
to produce a current owner's policy at or before closing. There shall be no limitation
upon the number of times the reissue rate may be applied to a particular property. |
| Reissue |
A purchaser or lessee of the same real property from the current insured owner shall
be entitled to the reissue rates for owner's title insurance in an amount up to
the face amount of such prior policy rounded up to the next thousand.
The reissue
rates for owner’s or leasehold title insurance shall be as follows:
| Per Thousand |
| Up to $250,000 of insurance written |
$2.85 |
| Over $250,000 and up to $500,000, add |
$2.55 |
| Over $500,000 and up to $1,000,000, add |
$2.25 |
| Over $1,000,000 and up to $5,000,000, add |
$1.95 |
| Over $5,000,000, add |
$1.65 |
| The minimum premium for an owner's policy (i.e., written for $40,000.00 or less)
shall be $114.00 |
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| Extra-hazardous Risks |
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An extra-hazardous risk premium may be imposed for affirmative mechanics’ lien coverage, one-year decedent's estates and certain endorsements, etc.
Please consult with your local Company representative for the appropriate extra premium to collect should you be confronted with underwriting a case involving these risks.
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