The PA Department of Insurance has approved a streamlining to the rate structure and an increase of 7% on rates.
PA Title Insurance will now become a single Sale Rate and a single Non-Sale Rate, meaning refinance rate. There are no longer any rules regarding the length of time since the last PA Title Insurance policy was issued.
The Sale Rate is for all sales. The Non-Sale Rate applies to all refinances.
Pennsylvania Title Insurance rates with this filing reflect a rate increase of 7%.
This is the first rate increase in Pennsylvania since 2002.
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