Title insurance in Florida, explained

01What it is

Before closing, a title agent searches public records to confirm who owns the property and whether anything is attached to it, such as mortgages, liens, judgments or recorded easements. Title insurance protects against covered problems that were hidden or missed, such as forged documents, unknown heirs or recording errors.

02Owner’s policy and lender’s policy

• Owner’s policy: protects the buyer’s ownership and lasts as long as the buyer or their heirs own the property. It is a one-time premium paid at closing.
• Lender’s policy: protects the mortgage lender and is required on most financed purchases. It does not protect the buyer.

03Who pays in Florida

Custom varies by county. In many Florida counties the seller customarily pays for the owner’s policy and the buyer pays for the lender’s policy, but it is negotiable and the contract controls. Title insurance rates in Florida are set by the state, so the premium for a given amount does not change from one licensed agency to another.

04Why the agent matters

Since price is regulated, choose your title company for accuracy and communication. A careful search and clear updates are what keep a closing on schedule.

Ask us about title insurance or estimate your closing costs.

This guide is general information, not legal or tax advice. Fees, customs and rules vary by county and by contract. Call Lumen Title at (813) 331-5212 for a quote on your transaction.