Who Pays For Title Insurance?

Title Insurance Responsibilities Vary By State and County 

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If you're buying property, you need to get title insurance if you want to protect your investment. But who pays for it? That's where things get a little complex. While there are some general customs, specifics can vary based on locality, so it pays to do your homework. 

In Many Cases, Sellers Pay for an Owner's Policy 

In many parts of the country, it's customary for the seller of a property to pay for the buyer's owner's title insurance policy. And, it's also somewhat common for the buyer to pay for the lender's policy. However, there are some areas where the buyer typically pays for everything, and other areas where the seller is usually responsible for footing the bill. 

Remember, Everything in Real Estate is Negotiable

While it might be easiest simply to follow local customs in the area where you're purchasing property, you aren't necessarily bound by them. For example, if you're buying a property, and you'd like for the seller to pay for all or part of your title insurance, have your agent or attorney try to negotiate on your behalf; if you never ask, you'll never find out. 

To learn more about title insurance costs in your area, contact the title agency experts at Florida Title Company for a free consultation. 


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