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[quote=Anonymous]If there is a problem, the title company won't issue an title insurance policy for lender or owner.  Title insurance is for the risk of the unknown.

For the example above regarding the water maintenance facility -- the easement might be buried in huge subdivision plat, and the title attorney and the surveyor miss it.  Or it might be buried in deed four owner's ago when the Owner's gave the County an easement so they could build a driveway on another part of the lot, and a copy of that deed isn't forwarded by the abstractor.

If you don't buy Owner's title insurance, you are taking a risk that nothing bad will happen when you go to sell your house.  Most of the time, nothing bad happens.  But when the S does hit the fan, it goes everywhere.

You seem to be (like Frank) be focusing only on the amount of money the title company keeps.  There is a lot of up-front work that isn't found in other types of insurance.  For example, for auto insurance does your company come out to inspect your brakes to make sure they are in tip-top condition?  Nope, they just insure the car and spread the risk among the masses.

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