How Do You Get Around All These Rules?

The loss ratio in the industry is generally sub five percent nation wide, and it may have been as low as three or four % in the last few years. Loss ratio means the percentage of the insurance premium that you pay in claims. What you are paying for when you do a refine in the form of titale insurance, is for the lender's benefit. It has no benefit to you. You don't pay banks enough. I cannot ever recommend someone of this cost of purchasing title insurance. Nobody saying you don't need it. But thire's got to be a better way.