Bulletin: VT2013001

Dear Associates:

Stewart was recently approved for a rate increase in the state of Vermont. The revised Schedule of Rates are effective as of August 1, 2013. They can also be found on-line at the link below. 

http://www.stewart.com/vermont/rates

Please note some important changes:

1.     Loan Policy premium is a flat rate of $175.00 up to $50,000 of coverage. From $50,000.00 to
$1,000,000 of coverage the rate is $2.50/thousand of coverage;

2.     Owner Policy premium is a flat rate of $260.00 up to $50,000 of coverage. From $50,000.00 to $1,000,000 of coverage the rate is $3.25/thousand of coverage;

3.     Policies over $1,000,000.00 of coverage require an underwriter premium quote;

4.     Stewart will now offer a 40% reissue discount for refinance transactions;

5.     Stewart will now require a simultaneous issue fee of $25.00 per file.

Agents using AIM For Windows or AIM+ should contact Property Info or Customer Care to have the changes implemented in their AFW or AFW+ system. For those Agents using Stewart Docs, a brief system upgrade will be required. Please contact Customer Care for instructions. 

If you have any questions relating to this or other bulletins, please contact a Stewart Title Guaranty Company underwriter.

For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.