Title insurance vs Real property reports

[KimAlex]

Not sure which is better from a property buyer's prospective.

1) If a buyer choose to buy title insurance for a property instead of having a RPR, would it
means paying approx. 1% of the property value annually to be covered.

2) How long should a buyer buy this insurance for ? For as long as the buyer still want to be a owner ?
This is additional cost to any buyer, don't you think ?

3) If so, what is the pros and cons of a RPR then ?

Thoughts, anyone ?

 

[Thomas Beyer]

Title insurance is another ripoff ( like mortgage insurance ) by the financial industry that is not required in almost all cases.

Try an RPR instead but if difficult or time consuming get title insurance. You pay once only.