Products & Services

Generally an Owner’s Policy is issued for the total purchase price of real estate, or for the value of a finished home in the case of new construction. A Loan Policy is generally issued for the mortgage amount. The premiums paid for each policy are based on a per thousand charge of the dollar value of insurance. Of course, the greater the coverage given, the higher the premium.

If policies are issued simultaneously to both the owner and the lender on the same property, a premium discount may be applied. Additionally, if you are refinancing or selling your home, and you have a prior Owner’s or Loan policy, rates may be discounted based on the amount of insurance being reissued. We honor all other title policies, offering customers the benefit of reissue rates.

Please phone or email a Runkel Abstract title agent with questions or for specific quotes.