One of the most important forms of insurance you should have is title insurance. We have discussed this at great length on other tips on this site, so after reading this tip you might want to click the 'Get another Tip' button. Here's something about title insurance you may not know.

To save money on title insurance, compare rates among various title insurance companies. Ask what services and coverage limitations are provided under each policy so that you can decide whether coverage purchased at a higher rate better fits your needs. Its important to keep in mind that inn many states title insurance premium rates are established by the state and may not be negotiable. If you are buying a home which has changed hands within the last several years, ask your title company about a "reissue rate." Reissue rates are generally less expensive. If you are buying a newly constructed home insure that your title insurance covers claims by contractors. These claims are known as "mechanicsÕ liens" in some parts of the country.