[DrewDevil]

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Is owner's title insurance really worth the cost?

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Yes, absolutely. Also, it is standard for the seller to pay the premium, which makes it free to you, the buyer!

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sure wish i knew that a month ago.

i really wonder what the actual incidence rate is. do you have any idea? i read that they have the highest margins in the insurance industry (about 80%!), which makes me question it. seems like a good gamble to not spend the extra $1000. i have until tomorrow afternoon to decide.

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You really, really, absolutely should buy title insurance OR have an experienced real estate attorney review the title documents and try to get an opinion letter from the atty stating that there are no title defects.

Of course, (a) that might cost you more than $1,000, and (b) most attys would probably decline to give an opinion and tell you to buy title insurance.

Why do you say you have till tomorrow? Have you not closed yet?