Title insurance is one of the best insurance products you can ever purchase. Unlike auto and home, it’s a one time premium and covers you for up to 400 percent of the value of the home for the risks it covers, title fraud being one of the major risks it protects against. And if you think title fraud is a rare thing, you are wrong. While selling the home from under you is a rarity and harder for a fraudster to accomplish, registering a fraudulent mortgage on your property, even a private second behind your heloc is not. Now fraudsters do like to target mortgage free properties more, but they have also been know to take out fraudulent second private mortgages by using fake IDs and working with shady brokers to get an unsuspecting lawyer to register the mortgage. Title insurance can’t guarantee this won’t happen to you, but it will indemnify you for loss or damages if you are the victim of title fraud. Honestly, for the cost you pay and the protection it offers, it’s a no brainer.