When might a buyer choose to use title insurance instead of insisting on a recent RPR?

The choice of title insurance over insisting on a recent Real Property Report (RPR) can be influenced by multiple factors in a real estate transaction. Opting for title insurance may be particularly appealing when the seller is unwilling or unable to provide a current RPR, which is a common requirement for verifying property boundaries and identifying any potential encroachments or easements.

In situations where the seller does not agree to provide an RPR, buyers often have concerns about potential issues with the property's title. Title insurance serves as a way to protect the buyer against specific risks associated with the property's title, such as unknown liens, defects, or disputes. This form of insurance offers peace of mind that enhances the buyer's position, providing coverage even when the property lacks an up-to-date RPR.

Conversely, having a seller willing to provide a new RPR directly addresses many of the concerns that title insurance would cover, making the need for insurance less pressing. Similarly, if a buyer plans to renovate, they may still prefer an RPR to ensure that any planned changes comply with property boundaries rather than relying exclusively on title insurance. Additionally, the property’s rural location may not inherently influence the decision between title insurance and an RPR, as these are more about the