What is title insurance and do I need owner’s title insurance?
Title insurance safe guards the insured from any claims relating to ownership of the property or any liens claimed against the property. Essentially, title insurance will guarantee marketability of title to the property up to the date of the policy. Your lender will require title insurance. For a list of sound reasons why you should get owner’s title insurance for a one time premium, please click on the link below: http://www.firstam.com/fatic/html/cust/1150.