Owners title insurance

[Charles Granja]

Does anyone have any data on what % of properties have issues with title during a 5-7 year hold? Or any data that they can bring to the conversation that supports the decision on obtaining owner's title insurance? (Like frequence/average cost per claim). I noticed some investors don't purchase owner's title insurance and they base this on certain criteria that is specific to the property. 

It seems there is a general consensus that it is a good thing to do and I have always included it in properties that I have purchased. But like all things, there are others who have approached real estate in a different way and I am interested to hear their perspectives.