I was just at a meeting this week where a woman spoke of title insurance and how important that is, esp on large home renovations because contractors use sub-contractors and if they do not pay them those subs can go after you and put a lein on your home (even if you prove you paid the contractor in full).
I would call her and just ask her about it, it sounded like it was very worth while to make sure that you were covered under a situation like this.
Rita McGee, Stewart Title, ###-###-#### ____@____.com
She is REALLY nice and would not push you to buy something or follow up with you, she is a mom like us and she used to be a divorce attorney, she is now a title lawyer and understands real estate law.
Hope this helps!
C.