<prompt> Human: Our condo built by toll bros is brand new construction and due to the price of the home, our title insurance will be 4k. That is not an insignificant amount of money AND since were the first people who will actually own the home, is it really necessary?AFAIK, title insurance prevents previous owners or previous persons who might have had interest in your home from placing a lein or making some bogus claim that the house is theirs. Also it prevents you from having to pay against clerical errors on the title or something like that.But if the latter happens, why not just pay some legal fees and get it changed, rather than fork up a huge up-front cost and possibly never use it?I can totally understand title insurance for homes that have changed many hands, but Im having a hard time trying to justify it for new construction.  <response>: your understanding of title insurance is not quite correct, title insurance is to cover the land and the improvements built on it. you dont buy homes, you buy the land and the improvements built on that land. so yes, its still recommended, because youll want to trace the history of that land to make sure its free of any liens or easements. whoever owns the land, owns everything on that land. 