Quote:
Originally Posted by Bogie Shooter
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A title insurance policy can financially protect you from any prior liens on the property, encumbrances that might restrict your use of the property -- such as a sewer or water line, or forgeries and errors in public records.
For instance, there could be a missing heir to a former owner of the property, or a deed that was forged and now requires remediation, which can be costly. Ordering an owner’s policy of title insurance can help you not only discover these issues, but will also protect you against any undiscovered issues that could arise in the future.
As Bogie Shooter suggested, do some research on the Internet and then make your own decision as to what price you are willing to pay for peace of mind.