TITLE INSURANCE - FLORIDA

AS OF JULY 1, 1999
Title insurance rates are set by the State of Florida Insurance Commission.  This rate is called the “Promulgated Rate.”  Title Agents must charge at least the minimum Promulgated Rate when issuing Title Policies.  Most agents charge only the minimum rate.  The rates listed below are rates for the policy premium only.  They do not include search fees or title endorsements.  You may read more about those costs under the “Customary Closing Costs” portion of this site.

Title insurance rates in the State of Florida are $5.75 for each $1,000 of coverage from 0 to $100,000, $5.00 for each $1,000 of coverage from $100,000 to $1,000,000, $2.50/$1,1000 from $1M to $5M, $2.25/$1,000 from $5M to $10M, and $2.00/$1,000 over $10M.

Insurance Amount Owner’s & Mortgage
Basic Rate 		Owner’s & Mortgage
Reissue Credit
1,000
5.75
2.45
10,000
57.50
24.50
50,000
287.50
122.50
100,000
575.00
245.00
125,000
700.00
295.00
150,000
825.00
345.00
175,000
950.00
395.00
200,000
1075.00
445.00
225,000
1200.00
495.00
250,000
1325.00
545.00
275,000
1450.00
595.00
300,000
1575.00
645.00
325,000
1700.00
695.00
350,000
1825.00
745.00
375,000
1950.00
795.00
400,000
2075.00
845.00
425,000
2200.00
895.00
450,000
2325.00
945.00
475,000
2450.00
995.00
500,000
2575.00
1045.00
550,000
2825.00
1145.00

600,000
3075.00
1245.00
650,000
3325.00
1345.00
700,000
3575.00
1445.00
800,000
4075.00
1645.00
1,000,000
5075.00
2045.00
1,500,000
6325.00
2295.00
2,000,000
7575.00
2545.00
5,000,000
15075.00
4045.00

To find the insurance amount for a value that is not shown above, you may either interpolate using the formula above the rate chart, or call us or another title agent for a free quote!

REISSUE CREDITS- What they are and how you qualify:  A reissue credit is available to a person desiring a title insurance policy on certain properties that had policies purchased on them recently and that have not been improved.  To qualify for a reissue credit, the following criteria must be met:

  1.  A previous owner’s title insurance policy for the property must have been issued insuring the seller or the mortgagor (the borrower) in the current transaction and both the reissuing agent and the reissuing underwriter must retain for their respective files copies of the prior owner’s policy or policies, AND
  2.  The property must be real property which is unimproved except for roads, bridges, drainage facilities, and utilities if the current owner’s title has been insured prior to the application for a new policy OR
  3. The property was insured by a policy issued with an effective date of less than three years after the effective date of the policy insuring the seller or mortgagor in the current transaction; OR
  4. The new policy will be a Mortgage Policy issued on refinancing of property insured by an original Owner’s Policy which insured the title of the current mortgagor.

To find out if you qualify for a re-issue credit, call us and ask if you qualify for a reissue credit.

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