Cash buyers sometimes assume that title insurance is optional and unnecessary because there is no lender requiring it. While it is technically optional, it remains one of the most important protections in a transaction.
Without title insurance, a cash buyer assumes all risk related to ownership issues. If a lien, ownership dispute, or recording error arises after closing, there is no coverage to protect against financial loss.
From an inside perspective, some of the most challenging title claims involve situations where buyers chose not to obtain coverage. These issues can be costly and difficult to resolve after the fact.
Even though lenders require title insurance for financed purchases, the same risks exist for cash buyers—making coverage just as important.
If you’re purchasing with cash, we’re happy to explain your options. Have your agent send us the title request and we’ll help you protect your investment.