Have Title Insurance or Not?

[Vince Futia]

Hello Everyone;

Happy New Year!

Would love to gain additional perspective on my first purchase, closing this up coming week on a 2 family property in upstate NY. My question is should I purchase "title insurance" that is being offered? My attorney owns their own title search company. They go back 40 years. I've been told to the best of their investigation, the title is clean.

In NY, as I understand it, the state regulates title insurance. This would be an additional $1300.00 at the closing.

What might be the thought process of other experienced investors, if its clean over the last 40 years, should I get it. I'm paying cash for the property.

Thank you all in advance for your thoughts, it will certainly help me decide better.

Regards

Vince