Title insurance premium rates are regulated by the State of Florida. The Department of Insurance promulgates the rates through regulatory code Chapter 69O-186.003 and can be found here.

The premium for an owner’s policy of title insurance, and an original lender’s policy, are as follows:

From $0 to $100,000 of liability written	$5.75
From $100,000 to $1 million, add	$5.00
Over $1 million to and up to $5 million, add	$2.50
Over $5 million and up to $10 million, add	$2.25
Over $10 million, add	$2.00

A prior policy of title insurance, if issued within the past three years, can reduce the premium at closing. Loan endorsements and other changes to the type or extent of the policy can affect the final rate. Sailfish Title charges $25.00 for a loan policy issued simultaneously with an owner’s policy.

Fees

Every standard real estate contract will have a provision controlling which party pays for title insurance and therefore “closing services”. “Closing Services” is defined by Florida Statute 627.7711: “Services performed by a licensed title insurer, title insurance agent or agency, or attorney agent in the agent’s or agency’s capacity as such, including, but not limited to, preparing documents necessary to close the transaction, conducting the closing, or handling the disbursing of funds related to the closing in a real estate closing transaction in which a title insurance commitment or policy is to be issued.“

Sailfish Title charges the following fees for closing services:

Residential cash transaction, under $1 million	$395.00
Commercial cash transaction, under $1 million	$395.00
Residential loan transaction, under $1 million	$495.00
Any transaction, $1 million – $5 million	$795.00
Any transaction, over $5 million	Request quote