I was in the community banking business for over 40 years and financed thousands of homes . Never worked for or received any compensation from a Title insurrance co. I have seen Title insurance companies expend extremely large amounts of money defending the ownership rights of property owners from fradulent claims , claims where ther was improper sale of land 50 or 100 years previously, governmental claims. etc. IMHO it is unwise to go without this coverage especially since the premiums are paid once and provide coverage for the full term of the policyholder's ownership of the property. I would suggest consulting with an experienced RE attorney , not involved with the transction before going "naked"
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