Affordable Homeowners Insurance

What Nevada Homeowners Insurance Covers

In Nevada, protecting your home against potential risks is crucial, including wildfires in regions like the Lake Tahoe area and flooding in parts of Las Vegas. When you choose Mercury, you get access to affordable coverage options specifically tailored to meet the unique needs and considerations of homeowners in the Silver State, such as:

• Dwelling protection - This covers your home’s structure and can help pay for repair or rebuilding costs if a covered peril damages your home.
• Personal property - This covers the personal belongings inside your home — e.g., furniture, appliances, and clothing — and can help replace these items if they're damaged, destroyed, or stolen.
• Extended replacement cost - If the cost to rebuild your home exceeds your dwelling coverage limit, this can provide additional coverage up to a specific percentage.
• Additional living expenses - If your home is uninhabitable due to a covered loss, this coverage can help pay for temporary living expenses, such as hotel bills, restaurant meals, and other costs.
• Personal liability protection - If you cause bodily injury or property damage to another party and you're found legally responsible, this coverage can help pay for their damages and your legal expenses.
• Guest medical protection - If a guest injures themselves on your property, this coverage can help pay for their medical expenses, regardless of fault.
• Green home - You can get up to 10% extra coverage for replacing damaged items with green alternatives after a covered loss. For example, if you need to replace damaged carpeting with an eco-friendly option, this coverage provides funds up to 10% more than the cost of a traditional replacement.
• Matching of undamaged siding and roofing - If a portion of your roofing or siding gets damaged and the original materials are no longer available, this coverage helps pay the cost to replace the undamaged roofing or siding to ensure a consistent look.
• Refrigerated products - You can receive up to $1,000 to replace food items if they spoil due to power loss or mechanical failure.
• Limited hidden, steam seepage, or leakage - This coverage helps to repair water damage caused by a hidden leak behind walls, floors, or home appliances.

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What Factors Determine Your Homeowners Insurance Rate?

Nevada insurers consider various factors when assessing your risk level — or how likely you are to file a claim. Typically, a higher risk profile translates to an elevated homeowners insurance premium. Check out some key factors that insurers look at to determine your rate:

• Age and condition — If you have an older home with outdated systems — e.g., HVAC, electrical, and plumbing systems — you might receive a higher insurance rate compared to a newer home.
• Replacement cost — The cost of replacing your home plays a significant role in determining your insurance rate. Factors like materials used, labor costs, and local construction prices can result in higher insurance premiums.
• Location — Living in areas at higher risk for wildfires and other natural disasters can lead to increased insurance premiums. Also, high crime rates in some neighborhoods can affect your rates.
• High-risk home features — Owning certain amenities may raise your insurance rates. For example, pools can be a liability concern, and wood-burning stoves can increase fire risk during statewide droughts.
• Credit history — A poor credit history can result in higher insurance rates because insurers often view it as an indicator of potential late payments and frequent claims.
• Dog breed — Owning an “aggressive breed” — e.g., Rottweiler, German shepherd, pit bull, etc. — can potentially impact your insurance rates due to increased liability concerns.