Protecting a real estate investment for a mere fraction of the total purchase price is a no-brainer for the vast majority of investors, which is exactly what title insurance does.

Unlike other forms of insurance, title insurance requires just a one-time premium payment to be activated. After which, investors are protected from losing their property and right to ownership if any “hidden hazard” title issue were to arise for as long as they or their heirs own the property. 

How Expensive is Title Insurance?

Title insurance rates are set by the Florida Department of State and presented in the Florida Administrative Code. Rates can easily be calculated by anyone and are based on the purchase price of the property. There should never be any surprises when it comes to the cost of title insurance. Work with a reputable title company to ensure full transparency and protection during the entire real estate transaction process. 

Who Pays for Title Insurance in Florida?

Another common question investors in Florida residential and commercial real estate have is: Who pays for title insurance? In Florida, the party responsible for paying for title insurance can vary by county, but this is never a rule set in stone. Like many things, this can be an area for negotiation. Be sure to discuss your options with an experienced real estate attorney before agreeing one way or another about paying for title insurance. 

Title insurance is a protection against investment risk. Whether purchasing your first home or investing in an expansive commercial property, you should measure your risk against the relatively minimal upfront investment it takes to protect yourself with title insurance. Our team at the Law Offices of Alex D. Sirulnik, P.A. and ADS Title Services, Inc. can guide you through your options for title insurance and advise you on the best ways to negotiate with sellers. Contact us today to learn more about title insurance in Florida and to ask your questions.