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What is the Cost of Title Insurance?

Like all types of insurance, title insurance is a safeguard against what might happen in the future. You purchase car insurance in case you get in a car accident. Similarly, you purchase title insurance in case a problem arises with the title of the home you are purchasing. However, Title Partners of South Florida, says “you” with a grain of salt because when it comes to buying a home, everything can be negotiated, including who pays for title insurance.

Title Partners of South Florida is a title insurance company that serves Broward, Miami-Dade, and Palm Beach counties. We offer the best title searches, and we have the best closing customer experience. We do our best to have everything prepared for you for your closing. Similarly, we offer the best title services to local real estate agents by handling all of the paperwork involved throughout the home buying process and by offering a marketing platform so that they can keep in contact with their clients. Below, we’ll go over different options when it comes to paying for home title insurance. Contact us for your next home purchase titlework!


In brief, home title insurance will pay your legal defense should a problem arise with your title. During a typical title search, one in three titles are found with defects, which is a huge number. There are two types of title insurance that you need to consider:

  1. Lender’s insurance (required). If you are financing your home, almost all lenders require you, the buyer of the home and the one taking out the mortgage, to purchase title insurance for them. This safeguards the lender in case the seller was unable to legally sell the home and transfer the title over.
  2. Owner’s insurance (optional). While owner’s insurance is usually optional, Title Partners of South Florida always recommends that you purchase it. This will cover any unforeseen events that may arise after closing that you could be financially responsible for. One of the most common is unpaid taxes on the property. If you have owner’s title insurance, the insurance company will pay. If you don’t, you either have to pay or risk losing your home.

How To Purchase Title Insurance

Title Insurance of South Florida notes that there are only a very few companies that sell title insurance in the United States and usually the real estate agent or the title company has a preferred company that they work with. Title insurance is not something you have to buy on your own; we can handle the process for you if you elect to purchase it.

Deciding to Buy Title Insurance

Just remember that a home is one of the biggest purchases you will ever make. It is wise to safeguard your financial future. Purchasing title insurance covers you for the entire time you own the home. It will offer you peace of mind, even if you don’t ever use it. However, if you don’t purchase it and the title comes up with back taxes, remember that the IRS can add thousands of dollars in late fees and penalties for unpaid taxes. Title Partners of South Florida always recommends that you invest in owner’s title insurance.


We understand that the cost of home title insurance is what most people want to know. Title insurance is usually regulated by your state and is usually based off the cost of your home. It’s usually around 1%. It is a one-time purchase that does cover you as long as you own that property, and it can be financed into your mortgage loan. In the state of Florida, home title insurance can be between two and five percent of the purchase price of the home. You can negotiate the price of title insurance with the title insurance company in this state. However, Florida offers what is known as the Butler Rebate. This stems from a Florida Supreme Court ruling. This law allows your title agent to rebate a portion of the title insurance to you. They can refuse, but you have the right to shop around for a different insurance company if they do. The Butler Rebate is in effect a discount on title insurance in this state.


Title Partners of South Florida loves exceeding customers’ expectations, which is what we try to do with every interaction we have with our clients. Our mission is to offer a transparent, easy home closing so you can get the keys to your new home and start moving in right away. We offer snacks for your closing and activities for your kids. Our amazing title staff is here to answer any questions that you may have about any part of the home closing process, either before, during, or after your home closing. Afterwards, we celebrate with you. We love to see you so excited about life. And if you ever need access to your real estate documents, you can login to our secure online system and view them at any time.

For real estate agents, we understand that you have a choice in title insurance companies as well. We offer many benefits for realtors who choose us for their title services. Through our post closing marketing program, we offer a powerful marketing platform for you. We will email you when your client is looking to sell or buy a new home, as well as email your clients periodic mortgage information with your logo, picture, and contact information. Our online system offers lots of other benefits as well, such as a secure communication platform and e-signing services.

Title Partners of South Florida has been helping homeowners and real estate agents for over 25 years. By utilizing technology, it is now easier than ever to access the documents you need when you need them and to close on a home. The process is faster with less errors, and most people report an overall pleasant experience when buying a home.

Title Partners of South Florida aims to make this last step before home ownership seamless. Contact us today to learn more!

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