Should I get owners title insurance?

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PostPosted: Wed Jun 05, 2013 12:39 pm   Post subject: Should I get owners title insurance?  

I have heard that this is optional. Even I know some people who have and also haven’t opted to get it. I’m closing on a home pretty soon and just wanted to know if I should pay the required and get it. It costs around $950Should I get owners title insurance?


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Burfee
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PostPosted: Thu Jun 06, 2013 12:50 pm   Post subject:   

Title insurance will insure you as a buyer and your mortgage lender against any kind of loss that may result from title defects, regardless of the reasons and whether or not they were known at the time of sale or refinance.

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PostPosted: Fri Jun 07, 2013 6:28 am   Post subject:   

It’s not at all optional and here you got no choice. If it’s a mortgage, you must purchase it. If it isn’t a mortgage, you need not.



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