Question 1

Does home insurance in Las Vegas cover flash floods?

Accepted Answer

No, standard homeowners insurance does not cover flood damage, even from flash floods. Despite Las Vegas being in the desert, flash flooding is a real risk because the hard, dry soil can't absorb water quickly during sudden rainstorms. You need separate flood insurance through the National Flood Insurance Program or a private insurer to be covered for flood damage.

Question 2

How much does home insurance cost in Las Vegas?

Accepted Answer

Las Vegas homeowners pay an average of $1,410 per year for home insurance, or about $118 per month. This is roughly $60 more than Nevada's state average but significantly below the national average. Your actual cost depends on factors like your home's value, location, age, construction type, credit score, and the coverage amounts you choose.

Question 3

Are wildfires covered by home insurance in Nevada?

Accepted Answer

Yes, wildfire damage is typically covered under standard homeowners insurance policies in Nevada. However, insurers are increasingly declining to offer coverage or non-renewing policies in high-risk areas like Mount Charleston due to wildfire concerns. In 2023 alone, nearly 5,000 insurance applications were declined in Nevada due to wildfire risk.

Question 4

What happens if I can't get home insurance in Nevada due to wildfire risk?

Accepted Answer

Nevada currently does not have a FAIR Plan or government-backed insurer of last resort, which makes this a challenging situation. If you're denied coverage, you can work with an independent agent to find insurers still writing policies in your area, consider making wildfire mitigation improvements to your property, or explore surplus lines insurers. Legislation is being considered to create a Nevada FAIR Plan for homeowners who can't obtain standard coverage.

Question 5

Should I get flood insurance if I don't live in a flood zone?

Accepted Answer

Yes, it's worth considering. About 20% of flood insurance claims come from areas considered low-risk for flooding. Flash floods can happen anywhere in Las Vegas, especially during sudden thunderstorms, and the relatively low cost of flood insurance in low-risk areas often makes it a worthwhile investment for the protection it provides.

Question 6

How can I lower my home insurance costs in Las Vegas?

Accepted Answer

The most effective strategies include bundling your home and auto insurance (saves 10-25%), increasing your deductible, installing security systems and monitoring devices, maintaining good credit, and shopping around with multiple insurers. If you're in wildfire-prone areas, creating defensible space and using fire-resistant materials can help you maintain coverage and potentially reduce premiums.

Insurance Agents in Las Vegas, Nevada (NV)

Insurance agencies serving Las Vegas

Leo Insurance Group

Marigold Insurance Agency

Insurance Agents in Las Vegas, Nevada (NV)

Insurance agencies serving Las Vegas

Leo Insurance Group

Marigold Insurance Agency

Martial, Inc. Dba Amerisent Insurance

Millennial Insurance Group, LLC

Modern Choice Insurance

National Insurance Consultants Inc

NLS Insurance

Preferred Insurance Of Nevada

Presley General Insurance Agency

Prestige Benefits And Insurance

Insurance Guides for Las Vegas

Home Insurance in Las Vegas

Homeowners Insurance Costs in Las Vegas

Flood Insurance in Las Vegas

Car Insurance Rates in Las Vegas: What Drivers Pay

Las Vegas Insurance Guide: Auto, Home & More

Car Insurance in Las Vegas

Frequently asked questions