Comment by ryandrake
1 day ago
Yet another example where "we can't have nice things" because entrenched businesses profit from keeping things not-nice. Title Insurance shouldn't even be a thing. This should be solvable by a database.
1 day ago
Yet another example where "we can't have nice things" because entrenched businesses profit from keeping things not-nice. Title Insurance shouldn't even be a thing. This should be solvable by a database.
There is a database. The insurance covers things that aren't in the database. Claims are exceptionally rare, so it's pretty cheap.
For the risk assumed by the title insurance, it's one of the most overpriced insurance around.