Do you need title insurance? Required NO! Should you get it Yes! Getting title insurance is one of the more important things that you do before closing on a home. Title insurance is crucial for you because it protects you from the possibility that your seller doesn’t — or previous sellers didn’t — have free and clear ownership of the house and property and, therefore, can’t rightfully transfer full ownership to you. Even though the risk of calling on the insurance for coverage is relatively low, there’s a high value on what you stand to lose if you go without coverage — in fact, you could lose the house itself.