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New York
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New York Title Insurance
 Title insurance in New York has been in the news recently because the cost for coverage is among the highest
in the US. The rates for New York title insurance are governed by the state but many companies tack on additional
fees to pay for illegal kickbacks and payments to industry professionals who refer business to their title company.
Eliot Spitzer has taken action against these anti-consumer tactics and sued the major title insurance providers in
New York on behalf of consumers in an attempt to end these practices and provide lower prices to consumers.
According to Mr. Spitzer "The new probe revealed evidence of an illegal scheme by which real estate developers
would receive free or discounted title insurance in other states in exchange for giving their New York business
to the settling insurance companies. These discounts were not available to home purchasers and small businesses,
who in effect subsidized the illegal rebates by paying the "full freight" of New York's high title insurance rates.
The investigation also found that the insurance companies paid illegal referral fees to their customer's
representatives who did not perform any substantial services."
This has opened the door for myClosingSPACE.com to enter the market and offer lower prices and better service directly
to consumers. Instead of offering payments to industry professionals in return for business myClosingSPACE offers
discounted title insurance directly to New York consumers. We are able to do this because we don't incur the
additional cost of buying business and we pass that savings on to consumers. Visit myClosingSPACE.com to get a title insurance
quote on your purchase or a title insurance quote for
your refinance to see how much we can help you save on closing costs.
When you get a quote from myClosingSPACE.com we also provide a comparison to other
New York title insurance companies with a detailed breakdown of charges so you can see how much you will save with
our flat fee pricing. The premium may be the same but our flat fee pricing includes all charges and fees while
other title companies tack on additional fees to make up for the inducements they pay to industry professionals
in return for more business. If you need additional information or help with a quote we encourage you to
contact our customer service department for
additional assistance.
To find out more about title insurance in other states click on the links listed below:
New Jersey Title Insurance
Pennsylvania Title Insurance
Florida Title Insurance
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