Title Insurance

This was an excerpt from the LA Times Blog : $16 billion for title insurance? If you could scan the entire American economy for money that is thrown away -- gift cards never redeemed, home gyms never used, etc. -- one of the biggest piles you would find is the title insurance industry. Sixteen billion a year -- that's nearly double the size of what Hollywood movies gross in a year in American theaters. From LATimes.com: andquot;Americans spend more than $16 billion annually for title insurance when buying, selling or refinancing their homes. But few people question the expense, even though they're probably paying too much, say consumer advocates and government regulators.andquot; And I must admit that this is one that I never really thought to much about. I knew you had to have it before most mortgage companies would do a loan but never really thought about andquot;shoppingandquot; around. Anyone have suggestions on how to even go about shopping around for this? [/quote]