Purchasing property on auction.com - is title insurance necessary

[Sunil Sharma]

Hello Forum,

I recently purchased a property on auction.com that is classified as occupied. Since this is an auction property, seller is not paying for closing and hence I have to pay for the title insurance. Is it really necessary to buy title insurance if I am planning to flip the property in 4-5 months? Appreciate a response at the earliest as I have to finish paperwork by tomorrow. Thank you all for your time and feedback in advance!

Thank you,