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[quote=Anonymous]"As it turns out, there is a title problem in nearly 40% of all transactions which is discovered and fixed prior to the closing ever taking place. Most parties to the transaction don't even know about these "claims," because most can be fixed quickly and without the parties ever having to be bothered."

First off Im not even going to ask you to cite where your numbers come from.  Again I just cited that the title companies keep 95% of the money they collect in regard to title insurance as opposed to most insurance companies keeping about 30% of what they take in.  
Now to your quote that these claims are fixed without parties ever having to be bothered, every closing already has lender title insurance so whether or not an individual buys owners title insurance, these issues you bring up that are taken care of before the closing are already found during the lenders title insurance.  Its the same amount of work to search the records for owners/lenders insurance together or just the lenders insurance.  Your contention is not going to convince someone owners insurance is going to benefit them.

"When you add in the approximate 8% claims rate after closing, you get nearly 50% of all properties having an issue. If "idiot" decides not to buy the insurance, a 1 in 2 chance of a problem truly seems to be rolling the dice. "

Again, based on the fact that you have to buy lenders title insurance at the least, I would still only be looking at an "8% risk rather than the "50%" you mention here.   I dont see any title company ignoring an obvious title problem as they would only have to cover the lender for their amount. 
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