By: Rob Giuffria, GMS; 1-860-796-4555; rob@tourrealtors.com; http://www.robgiuffria.com/
Title insurance (TI) protects a home buyer against claims to the title of their home. A TI policy is generally a good idea, but a home buyer should understand their options when purchasing a policy. The easiest method is to purchase a policy offered through the buyers' attorney. The largest group offering policies in Connecticut is CATIC. See table below for rates.
| Sale Price |
Fee |
Percent |
| $ 100,000 |
$ 440 |
0.44% |
| $ 200,000 |
$ 825 |
0.41% |
| $ 300,000 |
$ 1,155 |
0.39% |
| $ 400,000 |
$ 1,485 |
0.37% |
| $ 500,000 |
$ 1,815 |
0.36% |
| $ 600,000 |
$ 2,090 |
0.35% |
| $ 800,000 |
$ 2,640 |
0.33% |
| $ 1,000,000 |
$ 3,190 |
0.32% |
These rates are approximate, but should give you a good idea of the cost of a policy. Also, you should know that your attorney gets paid 60% of the premium cost and remits the remaining 40% to the insurer.
Rob Giuffria, GMS Top 1% Certified Tour Agent | ERC Appraisal Certified Vice President | Prudential Premier Homes c 860 796-4555 o 860 677-1122 f 860 760-6850 tf 1-800-837-2750 Rob@TourRealtors.com http://www.robgiuffria.com/ This message is intended only for the use of the individual or entity to which it is addressed, and may contain information including trademarks (logos) service marks or copyrighted information that may be privileged, confidential and exempt from disclosure under applicable law. All content included herein is the property of the sender. If you have received this message in error or if you are the not the intended recipient, contact the sender and delete it from your records and your computer immediately.
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