If you own real estate that you have inherited and you don’t have title insurance, consider it. People instinctively think that since it’s been in the family for years, there are no title issues. Unfortunately, properties owned for generations are by far the very properties that do have title issues. These properties have usually not been mortgaged, so the titles have not been vetted. Title insurance is an insured statement of the condition of your title or ownership rights to the property. It guarantees you own the property. Don’t get to the closing and find out you have title defects, which can cause major issues.