Owner Title Insurance for a new home

[Derrick Lu]

I bought my primary residence (brand new construction) a few years ago and the agent advised me to buy OTP .  Was this a wise decision as I am the first owner?....  Or could the home builder cause a defect in the title that we don't know about.   

I'm doing a refinance  on the home and close next Friday.  Do I need OTP for this refi?  I see the lender has its own on the closing disclosure, but I don't OTP listed anywhere for the ower