Not buying title insurance is generally a pennywise and pound folish move IMHO, especially if you do not have a mortgage. A home is the largest single investment most people will ever have . I have be involved with community banks for over fifty years and have seen large payoffs by title insurance companies. Sometimes this takes the form of defending the owner against unjustified claims. The premium is paid once and covers the insured for the duration of ownership. A small price to pay .
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