TITLE INSURANCE NEEDED OR NOT?

[Vic B.]

I am ready to purchase a single house and the title insurance is $1000.  Is the insurance needed?  This seems to be a bit of a racket.  Wouldn't the estate attorney be cleaning up any liens on the property as part of the estate closing?  When you buy multiple properties a year this an added expense that really has my attention.  Does it make sense to risk it?  In 21 years I have never used it once.

Thanks  Vic