When an owners' or lenders' policy is ordered within 36 months of the previous policy date of a prior owners' loan or leasehold policy, a credit will be applied in the following manner:

Within 24 months	50% credit
Within 25 - 36 months	40% credit

NOTES:
Credit is based upon the amount of the Basic Rate of the previous policy, deducted from the Basic Rate of the new policy amount.

Minimum Rate $647. Cannot be further reduced by any discounted program e.g. refinance, short term, builder, etc.

EXAMPLE:

New Policy:	$250,000	1,215 - Basic Rate
Previous Policy:	$150,000	1,028 - Basic Rate
50% credit of Previous Policy	- $514
	$701