What Is Title Insurance, and Why Do I Need It?
An insurance policy--protecting against loss should the condition of title to land be other than as insured.
Title Insurance is indemnity against loss resulting from defects in or undisclosed liens upon a title.

You need Title Insurance to protect possibly the most important investment you'll ever make - the investment in real estate. A lender goes to great lengths to minimize the risk of lending money for the purchase of real estate. First, credit is checked as an indication of the borrower's ability to repay the loan.

Then, the lender seeks assurance that the quality of the title to the property to be acquired and which will be pledged as security for the loan is satisfactory. The lender does this by obtaining a loan policy of title insurance.

If my lender gets title insurance for its mortgage, why do I need a separate policy for myself?
The lender's policy covers only the amount of its loan, which is usually not the full property value. In the event of an adverse claim, the lender would ordinarily not be concerned unless its loan became non-performing and the claim threatened the lender's ability to foreclose and recover its principal and interest. And, in the event of a claim there is no provision for payment of legal expenses for an uninsured party. When a loan policy is being issued, the small additional expense of an owner's policy is a bargain.

What Are The Associated Fees?
State promulgated rates for Title Insurance.  Click here for Title Insurance Premiums

Recording Fees:
$10.00  First Page
$8.00  Each Additional Page
Plus $1.00 for each name over four names.

State of Florida Documentary Stamps:
Deed  $.70 per $100.00
Mortgage/Note $.35 per $100.00

Intangible Tax:
Mortgage 2 mills/or $.002 per thousand

Closing Fees:
Settlement Fees begin at $150.00
Search Fee  $90.00
Exam Fee   $85.00

Full Re-issue credits, New Home Credits, and Builder Credits are available.