Nevada Revised Statutes Title 57. Insurance § 691A.030. Loans secured by real property: Lender prohibited from requiring borrower to insure improvements to property for more than their replacement value

(a) “Borrower” means a mortgagor, grantor of a deed of trust or other debtor.

(b) “Improvement to real property” means a fixture, building or other structure attached to real property and intended as a permanent addition to the property.

(c) “Lender” means a mortgagee, beneficiary of a deed of trust or other creditor who holds a mortgage, deed of trust or other instrument that encumbers real property as security for the repayment of a debt.