In this episode of pplpod, we dive into the complex and often controversial world of title insurance. Have you ever wondered why you pay thousands of dollars for a policy that rarely pays out? We explore:

• The History: How a botched real estate deal in 1868 and a Pennsylvania Supreme Court ruling led to the birth of the first title insurance company.

• The System: The difference between "land registration" used in other countries and the "recording system" used in the U.S., which forces buyers to insure against past defects rather than relying on a government guarantee.

• The Money: Why title insurers pay out only about 8% of their premiums in claims (compared to 25% for other insurance types) and where the rest of that money actually goes.

• The Rights:  ...