Do You Need A New Title Insurance Policy When Refinancing?

Lender’s Title Insurance – Yes, You’ll Need a New One

• Every time you refinance, your lender requires a new loan policy.

• Why? Because the loan is new, and the lender needs protection specific to that loan.

• The old lender’s policy ends when the original loan is paid off.

• Good news: You might get a "reissue rate" discount if you're refinancing within a certain time (usually 3 years in Florida).

Owner’s Title Insurance – No, You Don’t Need a New One

• Your original owner’s policy stays in effect as long as you own the home.

• It still protects you from title issues even during or after a refinance.

Pro Tips

• Ask for a reissue credit — it can save you a few hundred bucks.

• Use the same title company from your original closing if possible — they may already have your file and offer a discount.

• If you're adding someone to the title (e.g. a spouse), you might want to update or reissue your owner’s policy.