Are Your Clients Overpaying for Title Insurance?
As a real estate agent in Colorado, you constantly strive to add value for your clients, whether they are buying, selling, or refinancing their homes. But did you know that many homeowners are unknowingly leaving significant savings on the table when it comes to title insurance?
If your client purchased or refinanced a home within the last six years, they may be eligible for a reissue rate—a discount on their title insurance premium that could save them hundreds, if not thousands, of dollars at closing.
Yet, many buyers, sellers, and even some agents are unaware of this cost-saving opportunity. This blog post breaks down everything you need to know about reissue rates in Colorado, including how much your clients can save, who qualifies, and how to ensure they receive the discount.
What Is a Reissue Rate in Title Insurance?
A reissue rate is a discounted rate on title insurance that applies when a prior title insurance policy has been issued on the property within a specific time frame.
Think of it like this: if the title has already been recently insured, the risk of defects is lower, and the title company may pass those savings on to the buyer through a reissue rate.
The discount applies to the Owner’s Title Insurance Policy, which protects the buyer from any title defects, liens, or ownership disputes.
How Much Can Your Clients Save?
The amount of the discount depends on how recently the previous title insurance policy was issued. Here’s a breakdown of Colorado’s 2025 Reissue Rates:
If the prior title policy is ≤ 1 year old → 55% of the Basic Rate
If the prior title policy is >1 year but ≤ 3 years old → 65% of the Basic Rate
If the prior title policy is >3 years but ≤ 4 years old → 70% of the Basic Rate
If the prior title policy is >4 years but ≤ 5 years old → 80% of the Basic Rate
If the prior title policy is >5 years but ≤ 6 years old → 90% of the Basic Rate
🚨 Example Savings:A seller who bought their home two years ago for $400,000 and is now selling can receive a 65% reissue rate discount, reducing their title insurance premium and saving them $589 at closing!
Who Qualifies for a Reissue Rate?
Your clients may be eligible for a reissue rate if:
✅ They purchased or refinanced the property within the last six years
✅ They can provide proof of the previous title insurance policy
✅ The title insurance was issued by a licensed title company
The best part? Your clients do not have to use the same title company from their last transaction! They can choose Chicago Title and still receive their discount.
Why Should Real Estate Agents Care About Reissue Rates?
Educating your clients on how to save money at closing positions you as a knowledgeable, client-first agent—and it can even help your deals close faster.
💡 Here’s why you should always check for a reissue rate:
✔️ It helps buyers and sellers save money – A smooth transaction with cost savings builds trust and leads to more referrals.
✔️ It can make your listing more competitive – Sellers who know they’ll pay less for title insurance may have more room for negotiations.
✔️ It sets you apart from other agents – Many agents overlook reissue rates, but being the agent who saves clients money enhances your reputation.
Pro tip: Always ask sellers if they purchased or refinanced within the last six years and request a copy of their prior title insurance policy to confirm eligibility.
How to Ensure Your Clients Get the Reissue Rate Discount
Many title companies won’t automatically apply the reissue rate unless it’s specifically requested. Here’s what you need to do:
✅ Step 1: Ask the Right Questions
Did the seller purchase or refinance the property within the last six years?
Can they provide a copy of their prior Owner’s Title Insurance Policy?
✅ Step 2: Work With a Title Company That Honors Reissue Rates
Not all title companies actively offer reissue rate discounts. At Chicago Title, we ensure that eligible clients receive the correct discount, even if their prior title insurance was from another company.
✅ Step 3: Include It in the Contract
Ensure that reissue rates are discussed early in the transaction and noted in the contract or closing disclosure.
Overcoming Common Reissue Rate Misconceptions
Despite the clear savings, there are many misconceptions about reissue rates. Here’s how to clear them up for your clients:
❌ "You have to use the same title company from the previous transaction."
✅ False! The reissue rate applies regardless of which title company was used previously. Your clients can close with Chicago Title and still receive the discount.
❌ "The discount isn't worth the trouble."
✅ Wrong! The savings can be hundreds or even thousands of dollars, making a noticeable difference in closing costs.
❌ "My title company will automatically apply the reissue rate."
✅ Not always! Some title companies won’t apply it unless it’s requested, so be proactive in making sure it’s included.
Final Thoughts: Leverage Reissue Rates to Add More Value to Your Clients
As a real estate agent in Colorado, understanding reissue rates isn’t just a cost-saving tip—it’s a powerful way to elevate your expertise and provide exceptional value to your clients.
By incorporating reissue rates into your listing presentations, buyer consultations, and closing preparations, you’ll position yourself as a knowledgeable, client-focused agent—leading to more referrals, stronger relationships, and a reputation for going above and beyond.
Questions? Contact:
📞 Jerad Larkin, Chicago Title
Let’s help your clients save money and close smarter! 🚀
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