Title Insurance or Not for DVC

Discussion in 'Purchasing DVC' started by disbound09, Jan 27, 2013.

  1. disbound09

    disbound09 Mouseketeer DVC Gold

    Joined:
    May 23, 2009
    Messages:
    312
    Hi, In process of purchasing a SSR 320pt. Waiting for ROFR. Have never purchased a timeshare before but have bought and sold a few houses. I am wondering whether the $200.00 title insurance policy is needed as it is a Disney Property? I always do when I buy a house to protect against liens etc, but am contemplating this for some reason. Any input would be appreciated.
     
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  3. Breyean

    Breyean DVC Since '93

    Joined:
    May 19, 2011
    Messages:
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    If you're buying resale you're not buy "Disney property" from Disney, but from a person or family who is reselling. And that person or family might have kinds of issues you have no way of knowing about - pending divorce, bankruptcy, etc, which could impact your ownership interest.

    I have done several resale contracts and always do the full title search and insurance. I figure I'm spending tens of thousands of dollars on the DVC points, so what's another few hundred for piece of mind.
     

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