Quote:
Originally Posted by TCRSO
As a Florida Attorney, my opinion is that you do not need insurance when purchasing a new home in TV. The title policy protects you from title issues. However, if there are title issues you also have a claim against the transferor (assuming you acquired the property by warranty deed). Obviously TV is solvent so if there is a problem, you should have no problems. Of course if it makes you feel safer, that is your choice.
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How many companies were assumed to be solvent until they weren't?
And, even if they are solvent, they are most likely not going to pay for your house unless you sue them.