As an aside, I'm told that Title companies make absolute bank. Most buyers get title insurance, but the insurer very rarely ever has to make a payment.
This is because all lenders require title insurance as a requirement for receiving the loan monies. So for almost all buyers they have no choice, their bank/credit union that is actually putting up most of the money forces it upon them.
Not all buyers are using loans. First house I sold was to someone who refused title insurance because in his words, "that house has been sold 3 times in 10 years, the title's fine."
This is because all lenders require title insurance as a requirement for receiving the loan monies. So for almost all buyers they have no choice, their bank/credit union that is actually putting up most of the money forces it upon them.