Florida Title Agency Bond Overview
- Purpose: To cover financial damages to appointing insurers if a title agency breaches a contract
- Who Needs It: All title insurance agencies operating in Florida
- Regulating Body: The Florida Department of Financial Services
- Bond Amount: $35,000
- Minimum Price: $175 for one year; credit-based
What Is a Florida Title Agency Bond?
A Florida title agency bond is a financial security required for all title insurance agencies in the state. The $35,000 bond protects appointing insurers if agents break state laws or regulations.
The bond is made payable to the appointing title insurer for the agency. If the insurer is harmed by the title agency, they can recover damages through a bond claim.
How Much Do Title Agency Bonds Cost in Florida?
The $35,000 Florida title agency bond typically costs $175–$1,050 based on personal credit score. With strong credit, you can qualify for the lowest rate of 0.5%. Apply in minutes now.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Florida Title Agency Bond Work?
This bond creates a legally-binding contract between you and two other parties.
| Bond Party | Description |
|---|---|
| 1) Principal | The title agency owner(s) filing the bond |
| 2) Obligee | The appointing title insurer |
| 3) Surety | The issuing surety provider |
As the bond principal, you promise to uphold all applicable Florida Statutes. If not, the obligee can file bond claims to recover losses.
How Do I Get My Bond?
SuretyBonds.com provides the fastest way to get a title agency bond in Florida. Just follow these simple steps:
- Apply Online: Fill out the quote request form on this page.
- Pay Invoice: Complete your purchase online or over the phone.
- Receive Bond: Select your shipping option to receive your official bond form.
Remember to sign and file the bond form as instructed.
How Do I Renew My Bond?
Florida title insurance agency bonds expire annually. We’ll send you reminders and a renewal invoice before your bond expires. All you need to do is pay the premium to maintain coverage for another year.
