Discounted premiums when a prior policy qualifies. Change the numbers and hit Calculate to see it work — on your live site it's branded to you and uses your state's exact rates.
Discounted premiums when a prior policy qualifies
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When a property was insured recently, the owner may qualify for a reissue or substitution rate that lowers the premium on a refinance or resale. This calculator estimates that discounted rate so borrowers see the savings.
Showing reissue savings on your website helps lenders and borrowers choose you for refinances — a segment many title companies leave on the table.
A reduced premium available when the property was insured under a prior policy within a qualifying period. The buyer or borrower usually has to produce the earlier policy to claim it.
In most states yes, on a schedule separate from a purchase. The size of the reduction and the qualifying window vary by state and underwriter.
Usually a copy of the prior owner's policy. Without it most underwriters will not apply the credit, which is why it is worth asking the seller for it early rather than at the table.
We configure the lookback period and discount to your state's rules so the estimate is accurate for your market.
It varies by state and underwriter — commonly measured in years from the date of the prior policy, with the discount sometimes stepping down as the policy ages. Check the applicable rate manual rather than assuming a national rule.
On a resale it is typically the new owner's policy that qualifies against the seller's prior policy. On a refinance it is the lender's policy. The two are priced on different schedules.
When a property has been insured before and is being refinanced or resold within the qualifying window, most states allow a reduced rate. The discount can be substantial, and it is claimed only if somebody asks for the prior policy.
How recent the prior policy must be, whether a copy is required, and how the credit is calculated all vary by state and by underwriter. Missing the documentation usually means paying the full rate on a file that qualified.
An agency that surfaces the discount before the client asks is an agency that gets referred. It is also a straightforward way to demonstrate that you know the rate manual, which is exactly what a Realtor cannot judge any other way.
The single most common reason a reissue credit is missed is that no one requested the prior policy while the seller was still responsive. Asking at contract rather than at clearance is the whole trick.
On a refinance the lender's policy is the one being reissued, and some states and underwriters price it on a separate schedule again. The saving is real but it is not automatic, and the file has to be built to claim it.
Agents, lenders, buyers and sellers submit everything online, and each submission returns to the agency as a completed PDF ready for the file — no email tag, no retyping. Branded to the agency and mobile-friendly. These six are the most used of the eleven we build.
Clients upload a signed purchase contract and any addenda — you open the file and start title work right away.
Open form →Buyers complete intake online and you receive it as a PDF — or they download it to fill out by hand.
Open form →Sellers complete intake online and you receive a PDF — or download it to complete on paper.
Open form →Sellers and refinancers e-sign to authorize a payoff request — so net sheets are accurate and prior liens clear at closing.
Open form →Agents and lenders open a new file in one step — property, parties, lender, and closing date. No back-and-forth emails.
Open form →Clients upload IDs, payoffs, and sensitive documents through an encrypted portal.
Open form →No setup fee, no long-term contract, 60-day money-back guarantee. Full plan comparison →