Title Insurance Test Your Knowledge

1. There is/are __________ level(s) of title company insurance coverage available to purchasers of property that will be owner-occupied.

2. Which of the following coverages are provided by the standard policy?

3. The upcharge for additional coverage under an enhanced owner’s policy is approximately ___ % more than the cost of coverage under the standard policy.

4. The premium charged by two title agents using the same underwriter is:

5. Reissue credits are:

6. A reissue credit refers to a discount the buyer receives on a new title insurance policy because title insurance was previously purchased by the seller for the subject property.

7. To qualify for a reissue credit, the buying side must obtain a copy of the seller's original title insurance and it must have been issued by the same underwriter as the underwriter for the new buyer.

8. For the buyer of a $250,000 home with 20% down, a client can save up to ____% (provided the reissue credit is available through the underwriter)

9. Which of the following underwriters offer reissue credits (select all that apply)?

10. Which of the following can a title firm give you (agent or lender) without violating RESPA?