Why should I get title insurance?

You may be one of the millions of people asking, "Why should I get title insurance?". The answer is simple: to protect yourself from any unforeseen disputes with your home's title. For example, some homes have a prior lien against them due to previous unpaid property taxes. At times, even the IRS will not notice this for years on end. You can purchase a home without ever learning about the lien. Since the lien is against the home itself, not the old property owner, you could be asked to pay the tax since you now own the title. Title insurance would cover this problem, either paying the outstanding amount or refunding the purchase price of the home.