Do we really need an owners title insurance?
My agent and closing attorneys strongly suggested but other friends say it’s a scam. Share your thoughts.

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It’s not a “scam” but the risk of needing it is fairly low…you just never know though. And the seller usually pays

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Can you afford to lose any equity in the property should there be a major issue?

If no, get the policy

We didn’t get with our primary home but we did with our two investment properties on the beach bc there have been title issues in the past on our stretch of beach.

Owners is a couple hundred bucks. It’s better to just get it although never really utilized. The lenders title policy is much more expensive. Hopefully you were able to get seller to cover that b

It depends on the price of your home. It’s not always a couple hundred bucks. My last home it was $2,200.

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