NLIC.org

Jane Said:

Is title insurance just a scam?

We Answered:

NO the state does not set the rate, and it's not a scam. Shop around and see if you can find a better deal. You are buyinng it for the benefit of your lender. Your seller bought it for you when you purchased, and you bought it for your first lender, but now you're refi-ing and have to buy it for new lender's protection. Now if you do a Loan Modification instead of Re-fi, no new policy to purchase, and it's possible if you're not trying to do anything other than lowering interest rate. TALK to your lender, get some comps first.

Misty Said:

Should I put myself and wife on title and insurance for new car? Will this get us a lower insurance rate?

We Answered:

If she has a better driving record then it definately wont raise your insurance... but it may or may not lower it. You dont need to add her to the title... just as a driver on the insurance.
Being married generally reduces your insurance premium also.

Richard Said:

Are Title Insurance Premium Rates set by law in Virginia?

We Answered:

No it is not dictated by state, but since there is such fierce competition between title companies, their rates are very similar, if not dead on the same.

In my area, if one title company comes out with some sort of special or offer, you can bet that the others will beat or match it within a day or two.

Roy Said:

How do I know if a title insurance rate is negotiable? Is there a listing of rates and regulations by state?

We Answered:

It's not. It's a flat 1% of the purchase price of the house.

Leroy Said:

Car title and insurance question?

We Answered:

If the car is in your name, no one else can insure it but you. This requires a new policy in your name and the rates will be higher than being on your parents policy.

Walter Said:

Title insurance in WA?

We Answered:

Title insurance is a flat percentage of the purchase price, which usually varies by COUNTY.

So, looks like in your county, the rate is .8% of the purchase price, if you paid $260,000 for it.

Title insurance is so heavily standardized, with coverage and rates SET, it doesn't MATTER which company you use, and it's pointless to shop around.

Neil Said:

best insurance rate for home?

We Answered:

You can easily check your quotes in internet, for example here - homeinsurance.awardspace.us