Not having it when you need it!

Okay, Kyle -- I looked before answering and I have the same answer as Jeff Dowler -- like most/any insurance policy -- you won't likely know what you're missing until you don't have it(and need it).   

Of course, if a buyer is obtaining a mortgage -- there's no choice when it comes to obtaining title insurance(it's required).  

Study lots.  Take practice exams.  Good luck with your examination.  

Paying for it.

Paying for it.

 Not explaining the importance to your client, then finding out your client is screwed without it.

Jeff Dowler beat me to it! You don't want to find out what happens if you don't have it and need it.

  Nothing.

The small price (to pay for peace of mind)?

The only real negative for purchasers is that you only have a 10% likelihood of ever using it - and that's not really a negative either!

Interesting. . .  here in Utah it is the law the seller provides title insurance. . . . so you can see liens and encumbrances against the property.  Plus covenants and restrictions are benefical so you know what you are purchasing

Not having tile insurance.

Nothing, it is the best "what if" a home owner can buy

The worst thing is that it only covers things that have happened in the past.

Jeff Dowler nailed this one!

The cost.

The cost.

Beneficial? Lenders won't lend without a title insurance policy. 

One thing I've run into, though it's rare, is extreme restrictions on what they will insure for some commerial properties. I had 2 clients back out when titile insurance refused to cover enough to make them feel secure.

We order a title insurance with every transaction ( here in CA).

For sure. It protect buyers.

Interesting question, will read answers.

I do not think there is any -except for the upfront cost.

Jeff Dowler summed it up!

It is a requirement here.

When you don't have it.

Buyers not purchasing it for themselves.

The worst is 100% the cost for something that is used by less than 1% of the people paying for it

People complain it is always to high in cost.

There is nothing bad about title insurance. It is well worth the cost every time!

Jeff Dowler nailed it!

The title agent that takes every important coverage for the buyer and makes it an EXCLUSION on the policy.

Read it and make them cover it!

Eve

Not having it when necessary! If only all insurances worked this way.

The expense?

The cost.

The bill

Kyle Beers You never know when there may be a hidden judgement or a mechanics lien. Title insurance is mandatory for the lender and the buyer should also buy it to protect them.

Its an expense but like everything else needs to be weighed for value

Good luck.

Not a thing.

cost