Frequently Asked Questions

What is Title Insurance?

Owner’s title insurance protects purchasers of real estate against title defects that may exist on the property.

Lender’s or (Mortgagee) title insurance insures the lender as to the priority of its lien, meaning there are no other mortgages, liens or judgments that have priority over their mortgage.

What does Title Insurance Protect Against?
  • False impersonation of the true owner of the property
  • Forged deeds, releases or wills
  • Undisclosed or missing heirs
  • Instruments executed under invalid or expired power of attorney
  • Mistakes in recording legal documents
  • Misinterpretations of wills
  • Deeds by persons of unsound mind
  • Deeds by minors
  • Deeds by persons supposedly single, but in fact married
  • Liens for unpaid estate inheritance, income or gift taxes
  • Fraud
How much can a Title Company charge for Florida Title Insurance?

Florida title insurance rates are set by the Florida Department of Insurance. A Florida title insurance owner’s policy and a Florida title insurance lender policy are generally issued simultaneously, with the policy of lesser value having only a nominal premium rate.

The scale of Florida title insurance rate premiums is as follows based on the insurance amount:

  • Up to $100,000 a rate of $5.75 per $1,000 of insurance;
  • Over $100,000 up to $1 Million a rate of $5.00 per $1,000 of insurance;
  • Over $1 Million up to $5 Million, a rate of $2.50 per $1,000 of insurance;
  • Over $5 Million up to $10 Million, a rate of $2.25 per $1,000 of insurance;
  • Over $10 Million, a rate of 2.00 per $1,000 of insurance
What is FIRPTA?

What is FIRPTA? The Foreign Investment in Real Property Tax Act, better known as FIRPTA, 26 U.S.C. § 1445, provides that a buyer must withhold 15% of the amount realized by the foreign seller in the sale of an interest in U.S. real property. If the seller is a foreign person and the buyer fails to withhold, the buyer may be held liable for the tax.

Additional information, applicable forms, the withholding certificate application process and more can be found at the

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