This is because we give you The Butler Rebate, a discount on your Owner’s Policy, and, when you get both the owner’s and lender’s, we literally charge you $125 for a Lender’s Policy. Some companies will mark this policy up 1,100%. Yep, you read that correctly.
Here’s how this works. Florida law sets the price for your Owner’s Policy. No one can change this. Well, not us and not our competition, anyway.
Then, SimplyTitle rebates you 20% or more of this cost. We’re able to do this because of a Supreme Court decision that says title companies have the right to give rebates to consumers (that’s you, whether you’re a buyer or seller).
If you want to get technical, it’s a rebate. But, not the kind you mail in and wait to get your money. Some would call it a discount that’s applied at your closing off of your title insurance premium. And, we can give it, so we do.
And since we can cover the lower costs of online services with our flat fee of $495, we pass the cost of the Lender’s Policy and rebate that, too. So, yeah, it’s $125 if you’re a buyer.
Did we mention you should ask the competition about their prices?