Is title insurance as important as homeowner's insurance?

Absolutely. Homeowner's insurance typically provides protection against theft, accidental damage, or natural disaster such as tornado, earthquake, or hurricane. While these types of loss can certainly be substantial, losses from a defective title could be devastating. If a fire destroys your home, you can rebuild and buy new possessions. If the title to your land fails, you could lose the right to inhabit your home as well as the land it occupies.  more