Why You Still Need Title Insurance for Real Estate Cash Transactions

title insurance for cash real estate transactions

If you’re planning on purchasing a property, you may wonder if you really need title insurance, especially if you’re paying for the property in cash and not taking out a loan. While it may seem unnecessary, title insurance is an important protection for any property owner. Here are a few reasons you should consider purchasing title insurance, even if you’re paying for your property in cash.

Investment Protection

Title insurance protects you from any potential legal issues arising from your property’s prior ownership. This can include problems with the property’s title, such as liens, encumbrances, or other claims against the property. If any of these issues are discovered after you’ve purchased the property, title insurance can help you resolve them while protecting your investment.

Ownership Issues

Title insurance can also provide coverage for any losses that you may incur if it turns out that the seller did not legally own the property you purchased. This can happen if the original seller did not have the legal right to sell the property or if the property was involved in a fraudulent sale at some point in the past.

Other ownership issues can include people claiming they inherited an interest in the property before you purchased it. Problems can also be caused by easements created by previous owners that were not documented in the sale and were not discovered until after you took ownership of the property. In these cases, title insurance can help you recover your losses and protect your investment.

Title insurance will help you avoid costly court battles that can easily cost thousands in attorney fees alone. When coupled with any judgment, the costs of the court can be staggering. You will quickly find that the engagement can run into tens of thousands of dollars when looking at possible court costs to resolve a title issue on your own.

Peace of Mind

One final reason to consider title insurance through a trusted title insurance agency is that it can provide peace of mind. Purchasing property is a major investment, and it’s important to protect yourself and your investment as much as possible. With title insurance, you can have confidence that you’re protected against potential legal issues or hidden title defects that may arise with your property title.


Overall, title insurance is still a worthwhile investment, even if you’re paying for your property in cash and not taking out a loan. It can provide important protection against problems that can arise with your new property. So, if you’re planning on purchasing a property, consider title insurance to protect yourself and your investment.

If you are searching for the expertise of a local title company with a professional staff that insures thousands of titles across the great state of New Jersey, look no further than Cortes & Hay. We have been providing top-notch title services for over five decades. You can trust us to help make your property dreams real and protect them with a title insurance policy. Call us today to get started on your own title insurance. Even if you have already purchased the property, Cortes & Hay can still do a title search and place an insurance policy when any outstanding issues have been resolved.