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Updated over 2 years ago on . Most recent reply

Staton Jobe's profile image
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Staton Jobe
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Insurance

Should I renew my title insurance?

Staton Jobe
Posted

Hi - my wife and I just changed deed ownership of our first STR property to an LLC we created. When we switched over we lost the title insurance we initially purchased when we closed on the home. If we repurchase title insurance, they are quoting us at $2,000...I really don't want to pay this but I am naive of the risks.

About our home:

- Built in 2017

- 1 previous owner

- No red flags as far as title issues when we closed


How important is having title insurance? Any advice is greatly appreciated!

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Russell Brazil
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Russell Brazil
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  • Member since Oct 20, 2012
Russell Brazil
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Russell Brazil
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ModeratorReplied

If you get the title insurance...you will never need it. If you dont get it, you will need it. 

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