SummaryIn this episode of the Finding New Owners podcast, Tom Momenee interviews Jacob Clapsaddle from Chicago Title to discuss the importance of title insurance when buying a home or selling a house. They explore what title insurance is, why it is necessary, and the role of title companies in ensuring clean real estate transaction. Jacob shares insights on escrow services, unique closing scenarios, and the challenges faced in the industry. The conversation also touches on remote closing options and real-life examples of title issues, emphasizing the value of title insurance in protecting buyers from unforeseen problems.Takeaways-Title insurance is essential for protecting buyers from past issues.-Chicago Title is both a title company and an underwriter, providing security.-Title insurance is a one-time cost at closing, unlike other insurances.-Escrow services manage the distribution of funds during a transaction.-Unique closing scenarios can arise, requiring flexibility and problem-solving.-Remote notarization options are available for convenience.-Real-life examples highlight the risks of not having title insurance.-The importance of verifying property ownership before transactions.-Title insurance can save buyers from significant financial burdens.-Personal relationships in the industry enhance service quality.