High Risk Homeowners Insurance Nevada

When people think about Nevada, they typically immediately think of Las Vegas. Of course this is one of the country’s biggest attractions, but it’s not the sum total of what makes Nevada attractive to homeowners. The dry weather and beautiful landscapes draw new residents each year. While Nevada is a unique place to call home, it’s also unique in its weather and natural disaster history. Being a homeowner in Nevada will mean paying attention to home insurance needs as there are many different ways a home could be at risk.

Surprisingly, Nevada has quite a few volcanoes nearby and though there’s a very small chance, it still is at risk to be affected by a volcano. Historically, Nevada has been affected by fires, earthquakes, strong winds and heavy snow among other things. This all needs to be taken into consideration when choosing a homeowner’s insurance company and policy. A high risk policy could be necessary in certain parts of the state. If you live in a flood plain or more crime-prone area, you will also probably also need a high risk policy.

These policies are potentially more costly than standard policies but knowing your home is protected is worth the expense. You can lower your rate by getting a monitored alarm on your home or metal shutters on your windows.

If for some reason your insurance company drops your policy, you may be eligible for FAIR Plan insurance. FAIR, or Fair Access to Insurance Requirements, is insurance for homes that have been denied or cancelled by other companies. These policies are typically less coverage for more money, but sometimes there are no other options. Again, making sure your home is covered is worth the extra money. Make sure your policy is exactly what your home needs.

As with all FAIR Plans, consumers are urged to try to find coverage in the private market and we can help you find an agent that can help you find alternatives to the FAIR Plan.