Compare Standard Promulgated Rates vs. Reissue Rates
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Original Promulgated Premium:$0.00
Reissue Rate Premium:$0.00
Potential Savings:$0.00
*Calculations based on Florida Administrative Code 69O-186.003. This is an estimate and does not include endorsements, settlement fees, or closing costs.
Understanding Florida Title Insurance Reissue Rates
Title insurance premiums in Florida are "promulgated," meaning they are set by the state government and are consistent across all title insurance agencies. However, many property owners are unaware that they may qualify for a significant discount known as the Reissue Rate.
The Reissue Rate is a reduced premium charged for a title insurance policy when a prior owner's policy is provided to the title agent. This discount acknowledges that the risk to the insurer is lower because a title search and examination were conducted relatively recently on the same property.
Current Florida Promulgated Rate Tiers (Original Rate)
The standard "Original Rate" is calculated based on the coverage amount (usually the purchase price or loan amount) using the following tiers per $1,000 of liability:
Up to $100,000: $5.75 per $1,000
Over $100,000 to $1 million: $5.00 per $1,000
Over $1 million to $5 million: $2.50 per $1,000
Over $5 million to $10 million: $2.25 per $1,000
Over $10 million: $2.00 per $1,000
The Discounted Reissue Rate Tiers
When the Reissue Rate applies, the cost per $1,000 is significantly lower:
Up to $100,000: $3.30 per $1,000
Over $100,000 to $1 million: $3.00 per $1,000
Over $1 million to $10 million: $2.00 per $1,000
Over $10 million: $1.50 per $1,000
When Do You Qualify for the Reissue Rate?
According to Florida statutes, the Reissue Rate typically applies in the following scenarios:
Refinancing: When a homeowner refinances their mortgage, the new lender's policy usually qualifies for the reissue rate up to the face amount of the original mortgage.
Selling with a Prior Policy: If you are selling a home and have an Owner's Title Insurance Policy that is less than 3 years old, the new buyer may qualify for the reissue rate on their new Owner's Policy.
Unimproved Land: Reissue rates may apply on policies covering unimproved land if a prior title search was completed recently.
Note: The reissue rate usually applies only up to the face value of the prior policy. Any coverage amount exceeding the prior policy is charged at the Original Rate tiers. The calculator above compares the full Standard Premium against a scenario where the full coverage amount qualifies for the Reissue Rate.
function calculateFLTitleRates() {
// Get Input
var amountInput = document.getElementById("coverageAmount");
var amount = parseFloat(amountInput.value);
var resultsDiv = document.getElementById("resultsContainer");
// Validate Input
if (isNaN(amount) || amount 0) {
var tier2Limit = 900000; // 1M – 100k
var tier2Amt = Math.min(remainingStandard, tier2Limit);
standardPremium += (tier2Amt / 1000) * 5.00;
remainingStandard -= tier2Amt;
}
// Tier 3: 1M – 5M at $2.50/k
if (remainingStandard > 0) {
var tier3Limit = 4000000; // 5M – 1M
var tier3Amt = Math.min(remainingStandard, tier3Limit);
standardPremium += (tier3Amt / 1000) * 2.50;
remainingStandard -= tier3Amt;
}
// Tier 4: 5M – 10M at $2.25/k
if (remainingStandard > 0) {
var tier4Limit = 5000000; // 10M – 5M
var tier4Amt = Math.min(remainingStandard, tier4Limit);
standardPremium += (tier4Amt / 1000) * 2.25;
remainingStandard -= tier4Amt;
}
// Tier 5: >10M at $2.00/k
if (remainingStandard > 0) {
standardPremium += (remainingStandard / 1000) * 2.00;
}
// 2. Calculate Reissue Rate Premium
// Rule: Reissue applies up to face value. Here we assume full reissue for comparison.
var reissuePremium = 0;
var remainingReissue = amount;
// Reissue Tier 1: 0 – 100k at $3.30/k
var rTier1Limit = 100000;
var rTier1Amt = Math.min(remainingReissue, rTier1Limit);
reissuePremium += (rTier1Amt / 1000) * 3.30;
remainingReissue -= rTier1Amt;
// Reissue Tier 2: 100k – 1M at $3.00/k
if (remainingReissue > 0) {
var rTier2Limit = 900000; // 1M – 100k
var rTier2Amt = Math.min(remainingReissue, rTier2Limit);
reissuePremium += (rTier2Amt / 1000) * 3.00;
remainingReissue -= rTier2Amt;
}
// Reissue Tier 3: 1M – 10M at $2.00/k
if (remainingReissue > 0) {
var rTier3Limit = 9000000; // 10M – 1M
var rTier3Amt = Math.min(remainingReissue, rTier3Limit);
reissuePremium += (rTier3Amt / 1000) * 2.00;
remainingReissue -= rTier3Amt;
}
// Reissue Tier 4: >10M at $1.50/k
if (remainingReissue > 0) {
reissuePremium += (remainingReissue / 1000) * 1.50;
}
// Calculate Savings
var savings = standardPremium – reissuePremium;
// Display Results
// Format to currency
var formatter = new Intl.NumberFormat('en-US', {
style: 'currency',
currency: 'USD',
minimumFractionDigits: 2
});
document.getElementById("standardPremium").innerText = formatter.format(standardPremium);
document.getElementById("reissuePremium").innerText = formatter.format(reissuePremium);
document.getElementById("totalSavings").innerText = formatter.format(savings);
resultsDiv.style.display = "block";
}