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Calculating most title insurance premiums is simply a matter of choosing the policies desired. Some premium calculations, however, have special rules that may require you to make extra selections on the Title screen. These special cases are summarized below, but as always, you need to use the materials provided by your underwriter to learn how to correctly calculate your premiums.

When you expect a rate change to take effect on a certain date, always test a file to make sure the new rates are in your system. It's best to use a coverage amount higher than $1,000,000, and make sure your file has a closing date later than the effective date of the rate change.

Use the Additional Endorsements field on the Title screen to add $25.00 per endorsement (for those that require an extra charge). Click the "Plan Waiver" box to add the Survey Deletion fee to the premium.

The new refinance rate ($1.65/k) is included in the program -- it does not display on the Rates screen in the Title Insurance database. You don't need to do anything special (you do not click "Reissue" on the Title screen), but make sure your system is updated at least to version 625 and that your refinance files are calculating the correct premium.

The same applies to Eagle rates -- you will not see the rates on the Rates screen but you should get the correct calculation if your system is updated.

The new Eagle and refinance rates for NH are also included in the programming for version 625 rather than the Rates screen. However, an additional premium charge of $125.00 is required on each residential loan policy. This charge covers the Survey Deletion fee and most ALTA endorsements.

To add the $125.00, enter "3" in the Additional Endorsements field and check the "Plan Waiver" box on the Title screen in your file. This will add $125 to your premium. If you need a different result you can manipulate the premium by changing the amount in the Additional Endorsement field.