The risk rate premium for the Navigational servitude endorsement is what percentage of the total policy premium?

The risk rate premium for the Navigational servitude endorsement is established at 10% of the total policy premium. This is a specific percentage set by the Florida title insurance regulations, reflecting the unique nature of navigational servitudes, which grant governmental rights to use waterways. The endorsement addresses potential risks associated with such servitudes, ensuring that policyholders are aware of and protected against these specific legal interests that may affect their ownership and use of property adjacent to navigable waters. Understanding this percentage is crucial for accurate premium calculations and ensuring that both the insurer and the insured are aligned in their understanding of coverage related to navigational rights.