Why you need title insurance? Although the property has been appraised and buyers and sellers have been through a lot of hoops to sell the property, there may be a problem with the title.
There could be a tax lien on the property, government agencies will always get their due; title insurance to pay claims or legal fees for the lender to remove the lien from the property. If you want to protect your equity, you need to buy an extra amount to cover it or in some regions seller pays this insurance.
You can contact title company or may get national title services at bay national title company.
If you have decided to sell your home and there has been a claim to the title because of some problems with the previous owners, this problem needs to be solved first. Title insurance companies are not interested in a speedy resolution.
They try to limit their losses, so they can drag out the negotiations for a settlement to avoid for as long as possible. Until the settlement made your title is not clear.
Title insurance offer various features depending on localities. Sometimes the premium includes indemnification plus search and closing costs.
Though, the borrower can shop around to find a better price than the company recommended by real estate agents, the savings may not be worth the time. You may want to do a little internet research to see if there is an advantage to shop around in your area.