What a great choice, here are some guidlines for you :
When you purchase over One Million - it needs to be quoted seperately.
Lender's policy charge $2.50 per $1,000 of the loan amount. this is required, however
Homeowners (includes Lender's Coverage) $4.00 per $1,000 + $175 for doing both policies. This would be based on the purchase price.
Prudential Town & Country R.E.
If the purchase price is over 1 million it needs to be quoted seperately.
Lender's policy is $2.50/$1,000 of the loan amount. *Required
Homeowner's (includes Lender's Coverage) $4.00/$1,000 + $175 for issueing both policies. Based on the purchase price *optional
I hope this helps.
I believe owners title insurance polices are a percentage of your loan amount, so you will find it will vary from case to case. It is a standard calculation, used in MA. To be sure, you should ask your closing attorney what the % is.