Pennsylvania Title Insurance Notice

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Effective May 1, 2016, title insurance premiums and endorsement costs, as recommended by the Title Insurance Rating Bureau of Pennsylvania, will increase by 12% across the board.  This increase applies to both the sale and non-sale rates.  For example, the title insurance premium for $250,000.00 of coverage in a purchase transaction will increase from $1,650.00 to $1,880.00.  Regardless of the premium increase, title insurance is still an important aspect of a property owner’s due diligence process.  The title insurance owner’s policy protects the property owner the entire time that the real estate is owned by the insured.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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