What is a Florida Title Insurance Reissue Credit?

Florida Title Reissue Credits: The Basics 

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While Florida title insurance may not be incredibly expensive in itself, no one wants to spend more on closing costs than they have to. Fortunately, for some property buyers, there's a loophole in Florida law that may allow them to get a significant discount on their title insurance rates. It's known as a reissue credit-- and while it doesn't apply to everyone, those who use it can often save a lot of cash. 

Florida Title Reissue Credit Eligibility 

Florida property buyers are eligible for reissue credits in situations including: 

  • Title insurance policies less than 3 years old: If you're buying a property, and the current owner has had a title insurance policy issued within 3 years of the effective date of your policy, you can qualify for a reissue credit discount. 
  • Refinancing your property: While this doesn't exactly apply to property buyers, if you're refinancing a property and previously bought at title insurance policy, you can use this to get a reissue credit (as long as you do so before the refinance is complete.) 
  • Raw land: If you're purchasing raw land with no structural improvements, except for "roads, bridges, drainage facilities and utilities," and a previous landowner has purchased title insurance, you're also eligible for a reissue credit. 

Florida Title Reissue Rates

If you qualify for a reissue, your rates on title insurance can be significantly lower. Right now, Florida title insurance reissue rates are: 

  • $0- $100,000: $2.45/$1,000
  • $100,000- $1 Million: $2.00/$1,000
  • $1 Million- $5 Million: $0.50/$1,000
  • $5 Million- $10 Million: $0.25/$1,000
  • $10 Million+: $0.50/$1,000

To learn more about Florida title insurance reissue credits, contact Florida Title Company today for a free consultation. 


And, to get a free title insurance quote, fill out the form below and a Florida title attorney will get in touch.