Things to Know About Home Insurance in Nevada

Owning a home in Nevada—whether it’s in Las Vegas, Reno, or a quiet small town—means protecting your investment from life’s unexpected moments. Home insurance isn’t just about having coverage; it’s about knowing what’s included, what’s not, and how to make the right choices for your situation. Here are a few important things to keep in mind when it comes to home insurance in Nevada:

1. It’s Not Required by Law, But Often by Lenders

Nevada does not legally require homeowners to carry insurance. However, if you have a mortgage, your lender will almost always require coverage to protect their investment. Even if your home is paid off, keeping insurance is a smart way to protect your hard work.

2. Coverage Goes Beyond the House

Many people think home insurance only covers the physical structure, but it usually includes:

• Dwelling coverage (your house itself)

• Personal property (furniture, clothing, electronics)

• Liability protection (if someone is injured on your property)

• Additional living expenses (if you can’t stay in your home due to a covered loss)

3. Nevada’s Unique Risks

Living in Nevada comes with its own challenges:

• Wildfires in rural or mountainous areas can put homes at risk.

• Flooding is not usually covered under a standard home insurance policy, and flash floods can happen, even in the desert. Separate flood insurance may be necessary.

4. Replacement Cost vs. Actual Cash Value

When choosing coverage, understand the difference:

• Replacement Cost pays to repair or rebuild your home with materials of similar quality.

• Actual Cash Value factors in depreciation, which means you might get less money for older items.

5. Bundling Can Be Helpful

Many Nevada homeowners save time (and sometimes money) by bundling home insurance with auto or other policies. It also keeps everything under one agency, making things simpler if you need to file a claim.

6. Review Your Policy Regularly

Home values and rebuilding costs in Nevada can change over time, especially with growth in cities like Las Vegas and Reno. Checking your coverage every year helps make sure you’re not underinsured.