Title Insurance is an insurance policy that insures the marketability of the title of a particular parcel of real estate. It is normally required by a Contract for Sale and Purchase of real property and also by lending institutions. The most common policies are owner policies and mortgagee policies. Owner policies insure title to the owner/purchaser for the value or purchase price of the property. Mortgagee policies insure a mortgage lender for the mortgage loan amount.

The State of Florida sets the premium rates for title insurance policies issued in the State, so all title insurance companies in Florida must charge the same premium rates. In addition to the premium rates, the State requires title companies to charge for the title search, title examination, and closing, the total charge for these services normally running less than $200.00 in Volusia County.