I would advise you to consult with your attorney, but my personal understanding of title insurance is you don't want to be without it. My mom would say, "don't be penny-wise and pound foolish". The reason is because it guarantees that the title to the property is free and clear and there are no prior claims to it or its ownership. Would you really want to buy a home for several hundred thousand or millions only to find out it belongs to someone else in the past legally? Title insurance would cover this, is my understanding. I've always gone with it personally, though, as I said professionally consult with your attorney. They'll likely say the same.