Do I need title insurance when buying a condo?

Yes, it is recommended to purchase title insurance when buying a condo. Title insurance is a type of insurance policy that protects the buyer and the lender against any title defects, liens or other claims on the property that may arise after the purchase. When you buy a condo, you are essentially buying a share of the ownership of the entire property, including the land, the building and the common areas. As such, it is possible for there to be title issues that affect the entire property, and not just your individual unit. For example, there may be an outstanding lien on the property from a previous owner, or there may be a dispute over the ownership of a common area. Title insurance can help protect you in the event that any of these issues arise. The policy will typically cover the cost of defending your title against any claims, as well as any damages that may result from a covered claim. It is important to note that while your lender will likely require you to purchase title insurance, it is a separate policy from your homeowners or condo insurance policy, which protects against damage to the physical property itself.