re: Why You Need Title Insurance

Bobby — Thu, 06 Jul 2006 18:38:45 GMT

I don't appriciate the fear mongering you are doing with this article. There is so much in the news about identity theaft these days that is designed to scare old ladies so big corporations can sell them unless insurance and paper shredders.

Shame on you!

re: Why You Need Title Insurance

editor@insuranceguide101.com — Fri, 07 Jul 2006 17:16:25 GMT

I'm not big on useless insurance either -- read my comments on credit card insurance, and you'll see what I mean! However, the issue of identity theft and mortgage scams has me genuinely alarmed. This is a growing area of crime now worth many millions a year -- and that's just what is reported! I happen to actually know a couple of people in my circle of friends who have been subject to the hassles of credit cards taken out in their names because someone was "dumpster diving" and got enough personal info in order to be able to do that. After your identity has bee ripped off, it's not easy to resolve!

Further, the elderly make great targets with all scam artists, if not the first targets. If people are willing to invest a few hundred dollars (which is the usual fee) in title insurance, and from $20-30 in a paper shredder, they can save themselves a lot of potential hassle down the road.

To me, it's like locking your car doors when you park it. You don't expect someone to steal your car, but you aren't going to make it easy for them either.

MLA

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