Owner's Policy Only
Lender's Policy Only
Simultaneous Issue (Owner's + Lender's)
Base Premium:$0.00
Reissue Discount:-$0.00
Simultaneous Issue Fee:$0.00
Endorsements:$0.00
Total Estimated Premium:$0.00
*Estimates based on standard Maryland filed rates (approx. $4.55/$3.45/$2.70 tier structure). Actual final costs may vary by underwriter and specific policy endorsements.
Understanding Title Insurance in Maryland
Title insurance is a critical component of real estate transactions in Maryland, protecting both buyers and lenders from financial loss due to defects in a property's title. Unlike other forms of insurance that protect against future events, title insurance protects against claims arising from past events, such as unknown liens, forged signatures, or errors in public records.
How Maryland Rates are Calculated
Title insurance rates in Maryland are filed with the Maryland Insurance Administration. While different underwriters (such as Fidelity, Stewart, or First American) may file slightly different rate manuals, most follow a standard tiered structure based on the liability amount (usually the purchase price or loan amount). As the property value increases, the rate per thousand dollars of coverage typically decreases.
Typical Tiered Structure:
Tier 1 (Up to $250,000): Approximately $4.55 per $1,000 of coverage.
Tier 2 ($250,000 to $500,000): Approximately $3.45 per $1,000.
Tier 3 ($500,000 to $1,000,000): Approximately $2.70 per $1,000.
Tier 4 ($1,000,000 to $5,000,000): Approximately $2.15 per $1,000.
Policy Types Explained
Owner's Policy: Protects the buyer's equity in the property. It is optional but highly recommended. The coverage amount is usually equal to the purchase price.
Lender's Policy: Protects the mortgage lender's interest. This is almost always required if you are taking out a loan. The coverage declines as the mortgage is paid off.
Simultaneous Issue: In a purchase transaction where a loan is involved, you can purchase both policies together. In Maryland, when bought simultaneously, the Lender's Policy is often issued for a nominal fee (often around $100-$175) or a reduced rate, while the Owner's Policy is paid at the full rate.
Reissue Rates (Refinance Discount)
If you are refinancing your home in Maryland, you may qualify for a Reissue Rate. This is a discounted rate (typically 40% off the standard premium) available if an owner's title insurance policy was purchased within the last 10 years. This discount acknowledges that the title was recently searched and insured, reducing the risk for the insurer.
function toggleReissue() {
var transType = document.getElementById('mdTicType').value;
var reissueBox = document.getElementById('reissueBox');
// Reissue typically applies to Refinance scenarios most visibly,
// though technically can apply to purchase if seller has recent policy.
// For simplicity in this UI, we show it primarily for Refinance or Manual check.
if (transType === 'refinance') {
reissueBox.style.display = 'flex';
} else {
reissueBox.style.display = 'none';
document.getElementById('mdTicReissue').checked = false;
}
}
function calculateMDRates() {
// 1. Get Inputs
var coverage = parseFloat(document.getElementById('mdTicCoverage').value);
var transType = document.getElementById('mdTicType').value;
var policySelection = document.getElementById('mdTicPolicy').value;
var endorsements = parseFloat(document.getElementById('mdTicEndorsements').value) || 0;
var isReissue = document.getElementById('mdTicReissue').checked;
// Validate Input
if (isNaN(coverage) || coverage <= 0) {
alert("Please enter a valid Coverage Amount.");
return;
}
// 2. Define Rate Tiers (Standard MD estimation)
// Up to 250k: 4.55 per 1000
// 250k – 500k: 3.45 per 1000
// 500k – 1M: 2.70 per 1000
// 1M – 5M: 2.15 per 1000
// 5M+: 1.80 per 1000
function getTieredPremium(amount) {
var premium = 0;
var remaining = amount;
// Tier 1: 0 – 250,000
var tier1Limit = 250000;
var tier1Rate = 4.55 / 1000;
var chunk1 = Math.min(remaining, tier1Limit);
premium += chunk1 * tier1Rate;
remaining -= chunk1;
if (remaining <= 0) return premium;
// Tier 2: 250,000 – 500,000 (Range size 250k)
var tier2Limit = 250000; // The size of the chunk
var tier2Rate = 3.45 / 1000;
var chunk2 = Math.min(remaining, tier2Limit);
premium += chunk2 * tier2Rate;
remaining -= chunk2;
if (remaining <= 0) return premium;
// Tier 3: 500,000 – 1,000,000 (Range size 500k)
var tier3Limit = 500000;
var tier3Rate = 2.70 / 1000;
var chunk3 = Math.min(remaining, tier3Limit);
premium += chunk3 * tier3Rate;
remaining -= chunk3;
if (remaining <= 0) return premium;
// Tier 4: 1,000,000 – 5,000,000 (Range size 4m)
var tier4Limit = 4000000;
var tier4Rate = 2.15 / 1000;
var chunk4 = Math.min(remaining, tier4Limit);
premium += chunk4 * tier4Rate;
remaining -= chunk4;
if (remaining 0) {
discountRow.style.display = 'flex';
document.getElementById('resDiscount').innerText = "-$" + discountAmount.toLocaleString('en-US', {minimumFractionDigits: 2, maximumFractionDigits: 2});
} else {
discountRow.style.display = 'none';
}
// Handle Sim Fee Row
var simRow = document.getElementById('resSimRow');
if (simFee > 0) {
simRow.style.display = 'flex';
document.getElementById('resSimFee').innerText = "$" + simFee.toLocaleString('en-US', {minimumFractionDigits: 2, maximumFractionDigits: 2});
} else {
simRow.style.display = 'none';
}
document.getElementById('resEndorse').innerText = "$" + endorsements.toLocaleString('en-US', {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resTotal').innerText = "$" + total.toLocaleString('en-US', {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('mdTicResult').style.display = 'block';
}