Tennessee Reissue & Refinance Rates
A qualifying prior policy cuts the Tennessee owner’s premium to 70% of the basic rate — but only if someone asks. See what the reissue rate saves on your file.
Calculate Your Tennessee Reissue Savings
Basic rate versus the 70% reissue rate on Stewart’s filed Tennessee schedule, effective 01/08/2024.
Premiums use Stewart’s filed Tennessee schedule effective 01/08/2024. Tennessee title rates are filed rather than promulgated, so they vary by underwriter — always confirm against the one issuing your policy. Refinancing? The mortgage tax still applies.
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What the reissue rate is
When a property has been insured before, the underwriter has already done much of the work of establishing that the title is good. The reissue rate passes part of that saving back — on Stewart’s filed Tennessee schedule it is 70% of the basic rate, a 30% discount on the owner’s premium.
The catch is that nobody applies it automatically. Qualifying usually depends on producing evidence that a prior policy exists, and the party who benefits is the one who thought to ask. On a $400,000 Nashville policy the difference is a little over $700 — real money for a document request that takes a few minutes.
See all Tennessee closing calculators →
Find the prior policy before closing
The prior policy is usually sitting in the seller’s closing file from when they bought, or with the lender that was paid off. Ask early, because the request has to be made before the settlement statement is finalized. Once the file has closed and the premium has been remitted, unwinding it to apply a credit is far harder than asking on day three.
If you are the seller, digging out your old policy is one of the more useful things you can do for a deal. If you are the buyer, ask the seller for it in writing early in the transaction.
Refinancing is a different calculation
A refinance transfers nothing, so there is no deed and no realty transfer tax. What a refinance does record is a new deed of trust, which means the mortgage tax still applies at 11.5¢ per $100 with the first $2,000 exempt. The lender will also require a new loan policy, and that is where a prior policy can reduce what you pay.
Because Tennessee title insurance rates are filed rather than promulgated, the schedule differs from one underwriter to the next. The figures here follow Stewart’s filed Tennessee schedule effective January 8, 2024. If your file is going to a different underwriter, treat this as a close estimate and confirm the exact premium against that company’s filed rates.
Closing in Tennessee? We are a licensed Tennessee title agency — see how we handle Tennessee title insurance and closings, or read how a Tennessee mail-away or RON closing works if you are signing from another state.
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