NEW TIRSA RATE MANUAL AND ENDORSEMENTS

 

Effective October 1, 2024, a new TIRSA Rate Manual goes into effect. Under the new Rate Manual, title insurance premiums will remain the same, however, many new coverages are now offered in New York for Owner's and Loan Policies. Some of the significant changes are highlighted below.
  • The ALTA 2006 Owner’s and Loan Policies will no longer be issued and instead the 2021 Owner’s and Loan Policies will be issued.
  • Affirmative insurance will no longer be permissible for any policy but will now be offered by means of specific endorsements to the Owner’s and Loan Policies. 
  • The TIRSA 9 Endorsement has been replaced by the ALTA 9 Series (Covenants, Conditions and Restrictions), ALTA 28 Series (Encroachments – Boundaries and Easements) and ALTA 35 Series (Minerals and Other Subsurface Substances).
  • The addition of new endorsements including, but not limited to, Energy Project, Tax Credit, Usury, and Zoning.


NEW POLICIES AND ENDORSEMENTS ARE ACCESSIBLE HERE
NEW ENDORSEMENTS
NEW POLICIES

Please contact Debra Thompson at dthompson@advantagetitle.com or

631.424.6100 with any questions.
 

Advantage Title | 201 Old Country Road, Suite 200 | Melville, NY 11747 US

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