Referring Party: Lennar Title, Inc., Lennar Title, LLC, or Lennar Closing Services, Inc., as applicable (collectively,
"Lennar Title")
This is to give notice that Lennar Title has a business relationship with Doma Title Insurance, Inc.
("Doma") and Lennar Insurance Agency, LLC ("LIA") because Lennar Title's parent, Lennar Title Group, LLC ("LTG"),
has an indirect 20% ownership interest in Doma's parent company and an 80% ownership interest in LIA.
Because of this relationship, this referral of services may provide Lennar Title with a financial or other benefit.
Set forth below are the estimated charges or range of charges for the settlement services provided by Doma and LIA.
You are NOT required to use Doma or LIA as a condition for closing your transaction and obtaining insurance.
THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO
DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
Title Insurance Fees
Lennar Title provides closing services and title insurance through numerous title insurance underwriters, one of which is Doma.
If Doma is selected as the title insurer, the following fees apply
10% - 40% of costs for lender's and/or owner's title insurance, as applicable, depending on the property state,
and as shown on the Loan Estimate and/or Closing Disclosure provided by your lender.
Contact your local Lennar Title representative for a more detailed title insurance quote based on your specific
transaction.
Insurance
Lennar Insurance Agency, LLC (LIA) is an insurance agent that provides, among other products, homeowner's/hazard and flood insurance.
Set forth below are the estimated range of charges by LIA for the settlement services listed.
|
Description of Settlement Service |
|
Range of Charges - Annual Premium |
|
Homeowner's/Hazard Insurance |
|
0.2% - 2.5% of purchase price amount |
|
Flood Insurance |
|
0.1% - 0.5% of purchase price amount |
NOTE:
The above premium ranges for homeowner's/hazard and flood insurance are from LIA. If enhancements to the standard policy such as
increased limits, scheduled articles, and/or earthquake coverage are required, the premium may increase. Actual quote and acceptance
by LIA are subject to LIA's application of their underwriting guidelines, including but not limited to verification of your credit
score and previous loss history. Of course, the cost of your insurance may vary due to many factors including, without limitation,
the size, location and cost of your home.
ACKNOWLEDGEMENT
I/we have read this disclosure form and understand that Lennar Title is referring me/us to purchase the above-described
settlement service and may receive a financial or other benefit as the result of this referral.
