My conveyancer has advised me that there are two forms of insurance that could be taken out. The first is a caveat preventing the vendor from selling the property again. The cost for this is $156. The second is title insurance. This provides insurance for "illegal building structures, fraud and forgery, misdirection of land, adverse possession, encroachment and boundary disputes, easements, access and zoning problems, unregistered interests and issues regarding the registration gap - all of which can result in a significant financial loss." Gosh, I had no idea that buying a property was so risky. Title insurance is $500. The fences have been there for ages and I'm comfortable that they are the boundaries. A long time ago I read that even if the boundaries are not quite on the fences, if the fences have been accepted as the boundaries then that is where they are, at least for small variations. There is an easement, and a shed is close to this; I will check. From the aerial photo it seems that the shed is over the easement. I'm unsure if this is so, and if so if there was permission. The easement continues along the back fence of about a dozen properties on the plan, and about half seem to have sheds or similar over the easement. Apart from that it seems to be just another sale, a development maybe 15-20 years ago, zoned residential, nothing unusual. My broker said that as I have paid a 10% deposit, if there's a fire or the like prior to settlement then the vendor's insurer may pay 90% of the insured amount. This strikes me as interesting. I don't own the place yet, so why should I insure it? Advice is sought on the above - should I take out some or all of these insurances? If the shed is over the easement, is this a problem? TIA.