How do you record a payment for insurance?

Since insurance premiums are usual paid prior to the period covered by the payment, it is common to debit Prepaid Insurance and to credit Cash for the amount paid.

blog.accountingcoach.com/insurance-payment/

Do you really need title insurance on a foreclosed house?

For example HUD recommends that a buyer of the HUD foreclose gets a title insurance. Why? Isn’t that redundant? Also, I know some lenders that require buyers to get a title insurance on a government foreclosure.

www.lefave4re.com/real_estate/do-you-really-need-title-insurance-on-a-foreclosed-house/