What is title insurance and do I need it?
- purchasing a home that has not been sold for many years
- the cost of the policy
- attorney checked the title and didn’t find any liens
- the house is in a subdivision
- — and many other reasons
If you don’t buy the policy within a few days of closing, the cost will be higher since the title work will need to be reordered. Also, many of the reasons not to buy it have circumstances where it is a good idea for buying title insurance. Each case is different, but generally, it’s money well spent.