Escrow & Title
What is 'standard coverage' title insurance and how does it compare to ALTA extended coverage in Nevada?
AStandard coverage provides more protection than ALTA in Nevada
BStandard coverage protects against recorded title defects; ALTA extended coverage adds protection against off-record risks like survey matters, unrecorded easements, and rights of parties in possession✓ Correct
CStandard coverage is only available for commercial properties in Nevada
DStandard coverage and ALTA provide identical coverage under Nevada law
Explanation
Standard coverage protects against defects shown in the public record — recorded liens, judgments, and errors in recording. ALTA (extended) coverage adds protection against off-record risks: unrecorded easements, rights of parties in possession (adverse possessors), survey discrepancies, and unrecorded mechanic's liens. Lenders typically require ALTA coverage; buyers receive standard coverage unless they specifically purchase extended coverage. In Nevada, ALTA loan policies are standard for most institutional lenders.
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