Newsflash: Is title insurance really worth it?

I know the bank needs it, but I’m being given the option to purchase a policy for myself to protect against “title defects”. It’s something like $700.Is personally loathe insurance and generally feels it’s a useless expense. Maybe I’m a gambling man though.I’m thinking of just declining it. Isn’t it a low probability I’ll have some “title defect” that costs me thousands?

Read more at https://www.reddit.com/r/RealEstate/comments/6lao4f/is_title_insurance_really_worth_it/?utm_source=ifttt

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