Should I or Should I Not Invest in Owner’s Title Insurance??
Short Answer: Yes. Why? The lender requires borrowers to purchase Lender’s Title Insurance. This only protects the lender with no protection for the borrower. If a title claim arises in a few years the borrower (OWNER) has no protection and must hire his own attorney to defend his claim to his property. Secondly, w/o the Owner’s Title Insurance, the Owner has little protection if his title proves to be flawed.