Who Pays for Title Insurance in Florida?
In Florida, it’s customary for the seller to pay for the owner’s title insurance policy in most counties. The main exceptions are Broward and Miami-Dade, where the buyer typically pays.
🔑 Florida Custom by County
- Most Florida counties: Seller customarily pays for the owner’s title policy.
- Broward & Miami-Dade: Buyer customarily pays for the owner’s title policy.
- Lender’s policy: Usually paid by the buyer statewide.
- Everything is negotiable: Parties can agree differently in the contract.
🏢 Who Chooses the Title Company?
In Florida, the party who pays for the owner’s title policy customarily chooses the title company (and who writes the title/handles closing). If the seller pays, seller typically selects; if the buyer pays, buyer typically selects.
💵 Florida Promulgated Rates & Reissue Credit
- Promulgated rates: Same base premium statewide by law (e.g., $5.75 per $1,000 up to $100k; $5.00 per $1,000 over $100k).
- Reissue rates: If there’s a prior owner’s policy (typically within the last ~3 years), a reissue credit may reduce the premium. Ask the title company to verify eligibility.
- Example: On a $300,000 sale, the owner’s policy premium is roughly $1,575 before any reissue credit.
📍 FSBO Tip for Florida Sellers & Buyers
Discuss who pays for the owner’s policy in your offer/contract and state who will select the title company. This avoids surprises and keeps timelines clear—especially important in Broward and Miami-Dade.