No Prior Policy (Standard Rate)
Prior Policy < 3 Years Old (Reissue Rate)
Owner's Policy Premium:—
Lender's Policy (Simultaneous):—
Endorsements (Est.):—
Total Title Insurance Cost:—
function calculateTitleInsurance() {
var priceInput = document.getElementById('purchasePrice').value;
var loanInput = document.getElementById('loanAmount').value;
var reissueType = document.getElementById('reissueCredit').value;
var includeForm9 = document.getElementById('endorsementForm9').checked;
var resultDiv = document.getElementById('results');
// Validation
if (!priceInput || parseFloat(priceInput) < 0) {
alert("Please enter a valid Purchase Price.");
return;
}
var price = parseFloat(priceInput);
var loan = loanInput ? parseFloat(loanInput) : 0;
// Calculate Base Premium (Owner's Policy)
var ownersPremium = 0;
if (reissueType === 'reissue') {
// Reissue Rates
if (price <= 100000) {
ownersPremium = (price / 1000) * 3.30;
} else if (price <= 1000000) {
ownersPremium = 330 + ((price – 100000) / 1000) * 3.00;
} else if (price <= 5000000) {
ownersPremium = 3030 + ((price – 1000000) / 1000) * 2.00;
} else if (price <= 10000000) {
ownersPremium = 11030 + ((price – 5000000) / 1000) * 1.50;
} else {
ownersPremium = 18530 + ((price – 10000000) / 1000) * 1.50;
}
} else {
// Standard Promulgated Rates
if (price <= 100000) {
ownersPremium = (price / 1000) * 5.75;
} else if (price <= 1000000) {
ownersPremium = 575 + ((price – 100000) / 1000) * 5.00;
} else if (price <= 5000000) {
ownersPremium = 5075 + ((price – 1000000) / 1000) * 2.50;
} else if (price <= 10000000) {
ownersPremium = 15075 + ((price – 5000000) / 1000) * 2.25;
} else {
ownersPremium = 26325 + ((price – 10000000) / 1000) * 2.00;
}
}
// Minimum premium check (Standard FL minimum is often $100, rarely hit)
if (ownersPremium 0) {
// Usually min $25 for simultaneous issue if loan Price, extra calculation applies for the excess.
// For simplicity in this estimator, we stick to the $25 simultaneous fee
// as this covers 99% of standard real estate transactions.
}
// Calculate Endorsements
var endorsementFee = 0;
if (includeForm9) {
// Form 9 is typically 10% of the Owner's Policy + Lender's Policy combined premium
endorsementFee = (ownersPremium + lendersPremium) * 0.10;
}
// Totals
var total = ownersPremium + lendersPremium + endorsementFee;
// Display Results
document.getElementById('ownersPremium').innerHTML = '$' + ownersPremium.toLocaleString('en-US', {minimumFractionDigits: 2, maximumFractionDigits: 2});
if (loan > 0) {
document.getElementById('lendersPremium').innerHTML = '$' + lendersPremium.toLocaleString('en-US', {minimumFractionDigits: 2, maximumFractionDigits: 2});
} else {
document.getElementById('lendersPremium').innerHTML = 'N/A';
}
document.getElementById('endorsementCost').innerHTML = '$' + endorsementFee.toLocaleString('en-US', {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('totalCost').innerHTML = '$' + total.toLocaleString('en-US', {minimumFractionDigits: 2, maximumFractionDigits: 2});
resultDiv.style.display = 'block';
}
Understanding Florida Title Insurance Rates
Title insurance in Florida is distinct because the premium rates are promulgated. This means the rates are set by the State of Florida and are standardized across all title insurance providers. Whether you choose a large national underwriter or a local agency, the base premium for the title policy will be exactly the same based on the property's purchase price.
Promulgated Rate Tiers (Standard Owner's Policy)
The cost of your Florida title insurance policy is calculated based on the sales price of the property, broken down into the following tiers:
Property Value Range
Rate Calculation
Up to $100,000
$5.75 per $1,000
$100,000 to $1,000,000
$5.00 per $1,000
$1,000,000 to $5,000,000
$2.50 per $1,000
$5,000,000 to $10,000,000
$2.25 per $1,000
Over $10,000,000
$2.00 per $1,000
What is the Reissue Credit?
The "Reissue Credit" or "Reissue Rate" is a significant discount available if the property being sold has an existing owner's title insurance policy that is less than 3 years old. This frequently occurs with new construction or homes that are flipped or sold shortly after purchase.
If you qualify for the reissue rate, the premiums are significantly lower (e.g., $3.30 per $1,000 up to $100k, and $3.00 per $1,000 up to $1 million). You must provide a copy of the prior owner's policy to the title agent to secure this discount.
Simultaneous Issue
Most real estate transactions involving a mortgage require two policies: an Owner's Policy (protecting the buyer) and a Lender's Policy (protecting the bank). In Florida, if you purchase both policies at the same closing, the Lender's Policy is issued at a "Simultaneous Issue" rate, which is typically a nominal fee of $25.00, provided the loan amount does not exceed the owner's coverage amount.
Common Endorsements
While the base premiums are set by the state, specific endorsements required by lenders can add to the total cost. The most common is the Florida Form 9 Endorsement, which provides coverage against violations of deed restrictions and encroachments. This endorsement typically costs 10% of the total premium.
Who Pays for Title Insurance in Florida?
Who pays the title insurance premium—the buyer or the seller—is a negotiable term in the sales contract and varies by county:
Miami-Dade & Broward Counties: The Buyer typically selects the title company and pays for the policy.
Palm Beach & Most Other Counties: The Seller typically selects the title company and pays for the Owner's Policy, while the Buyer pays for the Lender's Policy (simultaneous issue fee) and endorsements.
Always review your specific sales contract to confirm who is responsible for these closing costs.