Saturday School: Why You Need Title Insurance

A couple holds a "Sold" sign in front of their home
Photo by michaeljung / Shutterstock.com

Before you buy a home, it’s important to make sure there aren’t any liens or claims on your dream property. Title insurance is the key to having such peace of mind.

If you purchase a house with a mortgage, the lender will require you to buy title insurance. If you are buying the property in cash, however, you could decide to skip this coverage. But saving a few bucks today by not buying title insurance can be a recipe for disaster tomorrow.

Watch this short video to learn more about title insurance — and why you need it.

Would you consider skipping title insurance? Tell us why or why not by comment below or on our Facebook page.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

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