re: Title Insurance

quote:

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You are aware that title insurance is there to protect you from what you don't know about the property?
Bastard children popping up claiming they're heirs.
Invalid prior deeds due to duress, incompetence, fraud etc.
Unrecorded easements, contracts, taxes etc
Strange and unlikely as these may be you would spend much more than $1600 defending against a suit even if the claim was eventually ruled in your favor. Will you ever need to use your title policy? Probably not. You probably won't ever need your fire policy either.
And by the way attorneys can only see what is recorded. So even if you appear to have a clean title you may not.

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This.

We are only on the hook for three years for things we should have seen. If a bastard child shows up and screws up your title, you don't have a claim against the attorney, even if it is within three years of closing as it is not something in the public record.

I am a title attorney and I buy owner's title insurance on everything I buy because I have seen a ton of things that can pop up to affect title that are not a part of the public record.