Why do I need Title Insurance? | Closing Costs & Title Rates

Why do I need Title Insurance?: Because mistakes can happen, even when you are in the hands of an expert title examiner. A default or lien going back dozens of years might be missed. A long-lost heir could materialize and claim the property. Also, it’s highly unusual to find a lender who will give you a mortgage without title insurance.; The American Land Title Association (ALTA) estimates that 26% of title searches discover an issue that gets resolved before a title policy is issued. You are making a substantial investment when you buy a home, why not spend an additional amount to protect yourself?; [Back]