Underwriter Premium Rates
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*Policies are always calculated from the higher of the two amounts (Owner amount or Lender amount) and they are always rounded up to the nearest thousand. ($31,005 would be rounded to $32,000)
ICL Coverage (Same for all Insurers): (Rate Per Thousand)
Up to $100,000.00 - $0.50
$100,001.00 to $500,000.00 - $0.10
$500,001 and above, add $0.00
ICL Rates are in addition to: (Rates Go into Effect July 1, 2007)
|
Stewart Title Company |
Chicago Title |
Lawyers Title Company |
|
Minimum Amount: $50.00 |
Minimum Amount: |
Minimum Amount: $75.00 |
|
Stewart Rates Increase By: |
Chicago Rates Increase By: |
Lawyers Rates Increase By: |
| $2.00 per thousand up to $100,000 | $2.00 per thousand up to $100,000 | $2.00 per thousand up to $100,000 |
| $1.50 per thousand up to $500,000 | $1.50 per thousand up to $500,000 | $1.50 per thousand up to $500,000 |
| $1.00 per thousand up to $2 million | $1.00 per thousand up to $5 million | $1.00 per thousand up to $2 million |
| $0.75 per thousand up to $7 million | $0.75 per thousand up to $7 million | $0.75 per thousand up to $7 million |
| $0.50 per thousand (above) | $0.50 per thousand (above) | $0.50 per thousand (above) |
For example:
$115,000 policy with ICL:
Stewart: (100*2) + (15*1.50) + (100*0.50) + (15*0.10) =
$274.00
Chicago: (100*2) + (15*1.50) + (100*0.50) + (15*0.10) = $274.00
Lawyers: (100*2) + (15*1.50) + (100*0.50) + (15*0.10) = $274.00
