Carson City, NV May 03, 2024
The
Nevada Division of Insurance (NVDOI) is announcing a new web-based tool that
allows Nevada consumers to identify insurance carriers that are currently
accepting home insurance applications by specific zip code.
The
NVDOI recognizes that personal home insurance can be more difficult to obtain
than in previous years. Insurance companies are facing increased losses due the
frequency and severity of catastrophic weather events across the United States,
including hurricanes, floods, tornados, and hailstorms. Additionally, wildfires
have had a dramatic impact on the western U.S. states. These weather events
have facilitated some changes that are having a negative impact on the
availability and affordability of purchasing home insurance. The perceived risk
of wildfire has caused more challenges in obtaining this coverage in certain
areas of Nevada.
The
NVDOI recently completed an industry data call of all carriers currently
writing personal home insurance, and as such, there is a desire to provide this
detailed information to Nevada consumers specifically narrowed down to the zip
code level. The NVDOI has developed a look-up tool, Homeowner
Coverage Tool on the NVDOI website, doi.nv.gov. The tool can be accessed
under the Consumer link and then the Homeowners Insurance tab. Homeowners
seeking coverage can simply enter their zip code into the site to generate a
list of insurance carriers applicable to their neighborhood.
This
database will provide the insurance company’s name, phone number and website
address. It is important to understand that this is data as of December 31,
2023, and is subject to change. The applicants will have to go through a
carrier’s unique underwriting review and process. There is no guarantee that
coverage will be offered.
About the Nevada
Division of Insurance
The mission
of the Nevada Division of Insurance, an agency of the Department of Business
and Industry, is to protect the rights of Nevada consumers in
their experiences with the insurance industry and to ensure the financial
solvency of insurers. For more information about the Division of
Insurance, visit DOI.NV.GOV or
follow the Division on X (Twitter), Facebook, LinkedIn,
Instagram or
YouTube.
# # #