Title Insurance

[Marty Happle]

I bought a house cash to flip on April 17.

On the HUD I have this for title

1101 Titles Services and Lenders Title Insurance $750
1103 Owners Title Insurance $965

Ok.. now.. I am going to refinance this house with a hard money lender next week hopefully. I am also going to change the LLC that owns the property to another LLC that I own.

1. Do I need to get all new title insurance?

2. If I do get new title insurance with a different title company (or even the same title company), is the title insurance on the first purchase going to be pro-rated and refunded?