How necessary is title ins.??

[Rich Riesmeyer]

Hi folks. I finally found my first rental property. It is a single family home in a subdivision, about 35 years old. It is a HUD property. All cash deal, $52000. This being a HUD home, in a subdivision, with our attorney doing the title search, I'm having a hard time believing that there might be a problem with the title. Is title ins. really worth it? I know its only a small premium, but it seems like a lot to cover such an unlikely possibility. Looking for your input, what would you do?