REISSUE CREDIT:Attorney Anne L. Weintraub

In Florida, if you present the closing agent with a prior owner’s title insurance policy, you may qualify for reissue credit on a new owner’s title insurance policy for purchases, and/or a new lender’s title insurance policy for refinances, saving you money on the premium charged for either. To qualify for a reissue credit for a purchase, the effective date of the policy must be three years or less from your new closing date and insure the current title holder. For refinances, if you provide your existing owner’s title insurance policy, you are entitled to a reissue credit for an amount which is calculated based on the amount of your current owner’s title policy. The amount of savings will vary and depends on the amount of the original owner’s title insurance policy and the purchase price and/or loan amount for the new transaction. To inquire whether you qualify for reissue credit, please contact Anne L. Weintraub, Esquire, of Icard, Merrill, Cullis, Timm, Furen, & Ginsburg, P.A. at (941) 552-3878. She will happily answer any questions you have.

The hiring of a lawyer is an important decision that should not be based solely on advertisements. Before you decide, ask us to send you free written information about our qualifications and experience. This article is for informational purposes only and does not create an attorney-client relationship. It is a general statement of the rules relating to reissue credits for new title insurance policies issued in the State of Florida. You should address any of your specific questions on this topic to a qualified professional.