[abjr]

>> Where this gets kind of crazy is if you own a property and have title insurance on it from when you bought it, then you do a refinance, you're often required to buy the insurance again because that original policy ends.

That's when you ask for the re-issue rate.

http://www.insuranceqna.com/title-and-mortgage-insurance/wha...

[conductr]

Still it's "40-60% cheaper" which means it's 60-40% more expensive than it should be. It's exactly zero additional risk and the point of insurance is to manage risk.