Nevada Title Insurance Calculator

What is Title Insurance in Nevada?

Title insurance is an important cost component within Closing Costs that always intrigues a first time home buyer. Title insurance in Nevada protects buyers and lenders from financial liabilities that may arise due to a title defect or a hidden lien. 

Have a look at our Title Insurance explainer video to see how title insurance can protect your lender and your ownership in case of a title defect. 

There are two types of Nevada title insurance policies: Lender’s Title Insurance Policy and Owner’s Title Insurance Policy.

Lenders in Nevada often require borrowers to purchase a Nevada Lender’s Title Insurance Policy which guarantees protection for Nevada lenders against issues arising out of defects on the title of a Nevada property. On the other hand, the Nevada Owner's Title Insurance Policy protects the buyer against claims and liens. 

Title insurance policy premiums in Nevada show up as an itemized list of a closing cost worksheet for a buyer and seller such as a Closing Disclosure, Loan Estimate, HUD-1, or an ALTA Settlement Statement. If you're looking to get a preview of what these costs look like, use this free Nevada title insurance calculator.

How much does title insurance cost in Nevada?

Title insurance costs can vary in Nevada from one county to another. For a $350,000 property, you would pay $1,436.5 for the owner’s policy in Lincoln county.

Here are some more use cases based on property price. We are considering Lincoln county for these calculations. 

• For a purchase price of a $500,000 property in Nevada with a 20% down payment ($100,000), the cost of title insurance policy and lender's policy are $1,761.2 and $100 respectively. 
• For a purchase price of a $500,000 property in Nevada bought with full cash, the cost of the title insurance owner's policy is $1,761.2. 
• For a purchase price of a $1,000,000 property in Nevada with a 20% down payment ($200,000), the cost of the title insurance owner's policy and lender's policy are $2,842.7 and $100 respectively.
• For a purchase price of a $1,000,000 property in Nevada bought with full cash, the cost of the title insurance owner's policy is $2,842.7. 
• For a purchase price of a $3,000,000 property in Nevada with a 20% downpayment ($1,000,000), the cost of the title insurance owner's policy and lender's policy are $6,690.7 and $100 respectively. 
• For a purchase price of a $5,000,000 property in Nevada bought with full cash, the cost of the title insurance owner's policy is $6,690.7

How is Title Insurance Calculated in Nevada?

Nevada has multiple pricing slabs based on county clusters as given below. 

For Clark, Lincoln, and Nye Counties 

Other Counties excluding Clark, Lincoln, and Nye

Rates for properties priced more than $5m in all counties across Nevada

Simultaneous issue of lender’s policy with the ALTA Owner’s policy will cost you $100 in Nevada. 

Say you want to calculate the cost of the owner's title policy for a $350,000 property in Lincoln County. The total cost will be: 

What is the Owner's Title policy in Nevada?

The owner's policy is a legal document that shields the owners from unknown defects such as missing heirs, incorrect documentation, unjust court proceedings, and protects their ownership. The owner’s policy contributes to the majority of the costs that go into purchasing the title insurance. 

What is Lender’s Title policy in Nevada?

The lender’s policy is often purchased along with the owner’s policy. It protects the lender from title defects such as a pending construction lien on the property, errors in the title, and other issues that may arise after the title has been transferred to the buyer. 

What is not covered in Title Insurance in Nevada?

Title insurance may not cover the following:

• Losses due to infestation
• Financial losses due to repair and maintenance of items that were not revealed during the property inspection.
• Damages due to natural calamities such as thunderstorms.
• Damage due to a fire

How long is the title policy valid in Nevada?

The title policy remains valid till the time you remain the owner of the property. Only when you decide to sell, a new policy must be made in the name of the buyer. 

Who regulates Title Insurance in Nevada?

The National Association of Insurance Commissioners is responsible for the title insurance landscape in Nevada. 

Who pays for Title Insurance in Nevada?

Title insurance fees can be paid by either of the parties. However, as a custom, the seller pays for the title insurance in the southern part of the state while the buyers generally pay in the northern counties of the state. 

Is Title insurance required in Nevada?

Title insurance is not required by the law. However, as a general rule of thumb, almost all transactions happen with both parties purchasing their respective policies. 

Should you shop for title insurance in Nevada?

You can definitely shop for title insurance in the state of Nevada by approaching any reputable title company. However, if you are skeptical, you can ask your agent or lender to help you out with the process.  

Is there any discount on Title Insurance Policy in Nevada?

Technically there is no discount on title insurance in Nevada. But what you can do is go for simultaneous issuing of both Owner’s Policy and Lender’s Policy at the same time. This way you only pay a fixed amount of $100 for the Lender’s Policy.