Moving is a hassle. We just moved our Land Title Office to the Lewis Point Plaza in St. Augustine (where Planet Fitness is located) and believe me, it wasn’t easy. You don’t want to move if you don’t have to, which is another reason I encourage people to get title insurance.
It’s really a matter of money. When it comes right down to it, the question is if you want to spend a little money up front, or risk spending a lot of money in a lawsuit. For a one-time fee at closing, you can buy title insurance on your property. Yeah, a challenge of your ownership is no cake-walk, but it’s not going to hit your finances if you’ve got a title insurance policy. That policy is the financial backbone that’s going to defend your ownership in a court of law should someone claim they own the property or have some other kind of interest or rights.
What if, let’s say, a man knocked on your door and told you there was a mistake at the courthouse and that your home actually belonged to him and he wanted you out so he could move in? If you don’t have title insurance or grandiose personal finances to defend your ownership rights, guess what? That man automatically wins. He automatically gets your house and you have to move. No defense is no defense. You need to be independently wealthy or have title insurance to defend your ownership in a court of law (and the second one is a little easier for most people).
It’s your move. You decide at the closing table if you want to buy title insurance or risk losing your house and all your money.
I hate moving, but I will say that we’re very happy in our new location on South US 1 in St. Augustine. It’s a nice newly designed space, easy to find, easy to get to, it’s got that fresh paint smell, AND WE NOW HAVE PLENTY OF PARKING. Did I just shout that out loud? Feel free to come and see our new place.