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Ask Dave

Tip On Title Insurance

Gloria isn't sure if title insurance is the right thing for her and her new property. Dave thinks otherwise.

QUESTION: Gloria is buying a house and the attorney’s office is offering a title insurance policy. It will be a $1,000 fee, one time, for the lifetime. Should she buy this?

ANSWER: I would buy title insurance on every piece of property that I own. I bought it for years and know many different ways the title can get messed up. This policy guards against you getting hurt. I would not buy a piece of property without owner’s title insurance, covering me. I once bought a property where 3 siblings had to sign for it. If they didn’t do it right, and the estate couldn’t give me the title, then the person who buys it from me has a problem.