FAQ

What is Title Insurance?
How is Title Insurance different than Homeowner's Insurance?
What is the cost?
What are the benefits of an Owner's Policy?
How long does it take to receive my Title Commitment?
What is the best way to order title insurance from you?

Q: What is Title Insurance?

A: Title insurance is a contractual obligation that protects against losses that occur when title to a property is not free and clear of defects (e.g. liens and defects that were unknown when the title policy was issued). The terms of the policy define what risks are covered and what risks are excluded from coverage. The title insurer will reimburse you for losses that are covered, up to the face amount of the policy, and any related legal expenses. This protection is effective as of the issue date of the policy and covers defects arising prior to your ownership. Title companies issue policies on all types of real and personal property. Two types of title insurance policies for real property are common: a lender's policy and an owner's policy.
Q: How is Title Insurance Different from Homeowner's Insurance?

A: Title insurance protects against losses due to defects in title. Before issuing a title insurance policy, title companies search and examine public records and alert you to possible title defects. The premium cost is a one-time fee payable at the time of escrow closing. In contrast, homeowner's insurance insures your house and contents and may provide coverage for losses due to fire or lightning, theft, vandalism, and personal liability claims against the policyholder. Homeowner's premiums are often billed monthly, quarterly or annually and installment payment options are often available
Q: What is the cost of title insurance?

A: The cost of title insurance is state regulated and is based on the purchase price of your property. Contact us directly and we would be happy to give you an exact quote.

Q: What are the benefits of an owner's policy?

A: Anyone purchasing a property is required to purchase a lender's policy of title insurance. This covers your lender in the case of a potential title problem. However it does not cover you being the owner of the property. At closing an owner's policy is offered, to cover you in case a title problem should occur. If you choose to purchase the owner's policy, it covers the cost of any litigation and costs associated with clearing the problem.

Q: How long does it take to recieve my title commitment?

A: It typically takes between 24-48 hours to recieve yout title committment. In most cases we have it to you within 24 hours.

Q: What is the best way to order title insurance from you?

A: The best way to order title insurance, is to send us an email or fax us a request. We will then send you a conformation, letting you know we are in reciept of your order.

Capital Title Agency, LLC

Helping Protect Your Real Estate Investment