Are Title Insurance Premium Rates set by directive within Virginia?
Is every company selling title insurance in Virginia legally bound to outdo through rates as dictated by the state, or does rate premium depend upon particular insuer?
Answers:
Title insurance is an approachable economy--
capitalistic activity; thus, no fixed rates Source(s): RE broker
Title insurance rates are not mandate by law. Each insurer determines its own rate based upon risk. However, you will find that rates for title insurance are VERY close and competitive.
Chances are that you won't find a $50 difference between assorted title insurance providers.
No it is not dictated by state, but since there is such brutal competition between title companies, their rates are very similar, if not unresponsive on the same.
In my area, if one title company comes out beside some sort of special or offer, you can bet that the others will beat or clash it within a day or two. Source(s): Oregon Realtor
Related Questions:
Answers:
Title insurance is an approachable economy--
capitalistic activity; thus, no fixed rates Source(s): RE broker
Title insurance rates are not mandate by law. Each insurer determines its own rate based upon risk. However, you will find that rates for title insurance are VERY close and competitive.
Chances are that you won't find a $50 difference between assorted title insurance providers.
No it is not dictated by state, but since there is such brutal competition between title companies, their rates are very similar, if not unresponsive on the same.
In my area, if one title company comes out beside some sort of special or offer, you can bet that the others will beat or clash it within a day or two. Source(s): Oregon Realtor
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