Help! Closing on a new condo, do I need “title owner’s coverage”?

[Mark K.]

Hello, I am about to close on a newly built condo unit in a new building in Brooklyn, NY. No one has ever lived there so I am womdering do I need to purchase “title owner’s coverage”?

Since this is for when someone sues and says they have a claim against the home from before the homeowner purchased it, would I need this if no one has ever lived there?

Note that this would be my primary residence and not a rental property. 

It will set me back $2,400 which quite frankly I’d rather not pay unless I absolutely need to. Can you give me your thoughts on this? Thanks im advance!