FAQ

What is title insurance?

A title insurance policy is your best protection against potential defects which could remain hidden despite the most thorough search of the public records. A title insurance policy is insurance against loss or damage resulting from defects or failure of title to a particular parcel of real property.

When you buy real property, you expect to enjoy certain benefits from ownership. You expect to be able to occupy and use the property as you wish and for it to be free from debts or obligations not created or agreed to by you. You also presume to be able to sell your property without prior title complications or to be able to pledge your property as collateral for loans. Title Insurance is designed to cover these rights that you bargained for.

Title Insurance policies are offered that have limited coverage and extended coverage.

What is included in limited coverage?

Limited coverage handles such risks as:

• False impersonation of true property owner
• Forged deeds, releases or wills
• Unpaid liens for estate, inheritance, income or gift taxes
• Lack of competency, capacity or legal authority of a party
• Undisclosed (but recorded) prior mortgage or lien
• Undisclosed (but recorded) easement or use restriction
• Erroneous legal descriptions
• Lack of a right of access
• Improper recordation of the Deed

What is included in extended coverage?

An extended coverage policy provides for the additional risks:

• Post policy forgery protection
• Enhanced access coverage
• Building permit violations
• Subdivision map act coverage
• Restrictive covenant violations
• Mineral extraction coverage
• Coverage extended to living trusts
• Enhanced encroachment coverage
• Automatic inflation protection

*Extended coverage not available on all properties. Refer inquiries to our title department.

What is my premium based on?

The title insurance premium is based on the dollar amount of coverage in accordance with the current rate filings with the Nebraska Department of Insurance.

What kind of coverage is recommended?

Capitol Title recommends the HomeOwner’s Policy of Title Insurance (extended coverage) as it protects your investment and increases the resale potential of your home by insuring additional title risks. The HomeOwner’s Policy of Title Insurance offers more coverage, more protection and more peace of mind.

Tell me about Capitol Title.

Capitol Title is an authorized agent for Commonwealth Land Title Insurance Company, Old Republic National Title Insurance Company and Chicago Title Company.

With a commitment to delivering products and services promptly, courteously and with integrity, Capitol Title will provide you with personal service and professional results in all of your real estate transactions.

More information about the closing process

Would you like more information about the closing and title process? Please see www.KnowYourClosing.com, provided by Land Title Insurance Co.

Real Estate Dictionary

Do you have questions about real estate terms? We have the answers! You can see a helpful dictionary of Real Estate terminology by clicking here, provided by Old Republic National Title Insurance Company.