Is renters insurance required in Las Vegas?

Renters insurance is not required by Nevada state law. However, many Las Vegas landlords and apartment complexes now require tenants to carry renters insurance as a condition of the lease. Even if your landlord doesn't require it, renters insurance is highly recommended to protect your belongings and liability – and it's incredibly affordable at just $12-15/month on average.

How much renters insurance do I need in Las Vegas?

Most Las Vegas renters choose between $20,000-$30,000 in personal property coverage, which covers the average value of furniture, electronics, clothing, and belongings in a typical apartment. For liability coverage, we recommend at least $100,000 (some landlords require this minimum). If you have expensive jewelry, electronics, or collectibles, you may want higher coverage or additional riders. Our agents can help you assess your needs – just call (702) 262-9900 or get a quote online.

Does renters insurance cover theft outside my apartment?

Yes! Most renters insurance policies provide coverage for your personal belongings even when they're not in your apartment. This means if your laptop is stolen from your car, your bike is taken while locked outside, or your luggage is stolen while traveling, you're typically covered (subject to your policy limits and deductible). This is especially valuable in Las Vegas where vehicle break-ins can occur in tourist areas.

Can I bundle renters insurance with auto for a discount?

Absolutely! Bundling renters and auto insurance is one of the best ways to save. Most insurance companies offer 15-25% discounts when you bundle multiple policies. Since the majority of Las Vegas renters also have vehicles, this is a no-brainer way to save $200-400 per year. Valley West Insurance can quote both policies together and find you the best bundled rate from our 15+ partner carriers.

What areas of Las Vegas do you serve?

Valley West Insurance serves renters throughout the entire Las Vegas metro area, including Downtown Las Vegas, The Strip, Spring Valley, Summerlin, Henderson, North Las Vegas, Enterprise, Paradise, and all surrounding communities in Clark County, Nevada. We're a local agency that understands the unique insurance needs of Nevada renters. Call us at (702) 262-9900 or get a quote online – we make it easy no matter where in Vegas you live.

How quickly can I get renters insurance coverage?

Very quickly! In most cases, you can get renters insurance coverage the same day. Our online quotes take just 5 minutes, and once you approve coverage, we can often activate your policy within hours. This is perfect if your landlord requires proof of insurance before you move in. We can email you a certificate of insurance immediately once your policy is active.

Can my landlord require me to have renters insurance?

Yes. Nevada law allows landlords to require renters insurance as a lease condition. Many Las Vegas apartment complexes now mandate coverage with minimum liability limits (typically $100,000). This protects both you and the landlord—if you accidentally cause damage (fire, water leak to units below), your insurance covers it instead of you paying out of pocket or the landlord suing you.

Does renters insurance cover roommates?

Not automatically. Each roommate should have their own policy covering their personal belongings. Standard renters policies cover only the named insured's property. However, you can add a roommate to your policy as an additional insured for liability purposes. If you share an apartment with roommates, Valley West can help each person get affordable coverage.

Are floods covered by renters insurance in Las Vegas?

No. Standard renters insurance covers water damage from burst pipes, roof leaks, or appliance malfunctions—but NOT flood damage from rising water, monsoon flooding, or natural disasters. Las Vegas does experience flash floods during monsoon season. If you live in a flood-prone area (check FEMA flood maps), you need separate flood insurance through the National Flood Insurance Program (NFIP).

Does renters insurance cover items stolen from my car in Las Vegas?

Yes. Your renters insurance covers personal belongings stolen from your vehicle—not your auto insurance. If someone breaks into your car and steals your laptop, gym bag, or shopping bags, file a claim under your renters policy (subject to your deductible). This is especially valuable given Las Vegas's tourist areas where vehicle break-ins can occur.

Does renters insurance follow me if I move within Nevada?

Yes. You can update your policy when you move to a new apartment—just notify your insurance company with the new address. Your rate may change slightly based on the new location's risk factors (crime rates, fire protection, etc.). If you move from Las Vegas to Henderson, Summerlin, or anywhere else in Nevada, your coverage continues seamlessly with a simple address update.

How much life insurance do I need in Nevada?

Most Nevada families need 10-15 times their annual income in life insurance coverage. For example, if you earn $60,000/year, consider $600,000-$900,000 in coverage. This ensures your family can cover mortgage, debts, education costs, and living expenses. Valley West Insurance helps Nevada families calculate exact coverage needs based on obligations, dependents, and financial goals – call (702) 262-9900 for a free needs analysis.

What's the difference between term and whole life insurance?

Term life insurance covers you for a specific period (10, 20, 30 years) with lower premiums and no cash value. Whole life insurance provides lifelong coverage with fixed premiums, builds cash value, and offers living benefits. Term is ideal for temporary needs (mortgage protection, raising kids). Whole life is for permanent protection and wealth building. Valley West Insurance compares both options to find your best fit.

How much does life insurance cost in Nevada?

Nevada life insurance costs vary by age, health, coverage amount, and type. Term life averages $30-$60/month for $500,000 coverage for healthy 30-year-olds. Whole life costs more ($150-$300/month for similar coverage) but builds cash value. Factors affecting cost: smoking status, health conditions, driving record, occupation. Valley West Insurance shops 15+ carriers to find your lowest Nevada rate.

Can I get life insurance without a medical exam in Nevada?

Yes! No-exam life insurance (simplified issue or guaranteed issue) is available in Nevada. Coverage typically ranges $25,000-$500,000 with instant approval. Trade-off: slightly higher premiums than medically underwritten policies. Ideal if you need coverage fast, have health issues, or avoid medical exams. Valley West Insurance offers no-exam options from multiple carriers – get approved in 24-48 hours.

What happens to my life insurance if I move out of Nevada?

Your Nevada life insurance remains active if you move to another state. Life insurance policies are portable nationwide – simply update your address with your insurer. Premiums typically don't change based on location. If you move from Nevada, notify Valley West Insurance to update records and ensure continued coverage. Your beneficiaries remain protected regardless of where you live.

Do I need life insurance if I'm single with no kids in Nevada?

Yes, especially if you have debt (student loans, mortgage, car payments), aging parents who depend on you, or want to cover final expenses (funeral costs average $10,000-$15,000 in Nevada). Life insurance is also cheaper when you're young and healthy. Lock in low rates now before health changes. Valley West Insurance helps single Nevada residents find affordable coverage starting at $15-$25/month.

Can I get life insurance if I have a health condition?

Yes! Even with diabetes, high blood pressure, heart disease, or cancer history, you can obtain life insurance in Nevada. Options include: standard underwriting (controlled conditions may qualify), simplified issue (limited health questions), guaranteed issue (no health questions, higher cost). Valley West Insurance works with carriers specializing in high-risk applicants – we help Nevada residents with health issues secure coverage.

What is universal life insurance and is it right for Nevada families?

Universal life insurance offers flexible premiums, adjustable death benefits, and cash value accumulation. It's permanent coverage between term and whole life: more flexible than whole life, more stable than term. Ideal for Nevada families wanting permanent protection with premium flexibility. Cash value earns interest, and you can adjust coverage as needs change. Valley West Insurance explains universal life options and whether it fits your Nevada financial plan.

How quickly can I get life insurance coverage in Nevada?

Traditional medically underwritten life insurance takes 4-6 weeks in Nevada (application, exam, underwriting). No-exam life insurance provides same-day or next-day coverage – apply online, instant decision, coverage activated within 24-48 hours. If you need immediate coverage (buying a home, new baby, estate planning deadline), Valley West Insurance offers accelerated underwriting and no-exam options for fast Nevada approval.

What is final expense life insurance for Nevada seniors?

Final expense (burial) insurance is whole life insurance designed for Nevada seniors aged 50-85 to cover funeral, burial, medical bills, and end-of-life costs. Coverage ranges $5,000-$50,000 with guaranteed acceptance (no health questions), fixed premiums that never increase, and simplified application. Nevada funeral costs average $10,000-$15,000. Valley West Insurance helps Nevada seniors secure final expense coverage to ease family burden.

Can I name multiple beneficiaries on my Nevada life insurance policy?

Yes! You can name multiple primary beneficiaries (split death benefit by percentage – 50% to spouse, 25% each to two kids) and contingent beneficiaries (backup if primary dies). You can also name trusts, charities, or estates. Nevada law allows easy beneficiary changes anytime – just complete a form with your insurer. Valley West Insurance helps Nevada policyholders structure beneficiary designations for optimal estate planning.

Home Insurance

Renters vs. Homeowners Insurance: What's the Difference?

Written by Dylan Saatdjian

Insurance Expert

December 5, 2025 6 min read

Happy young couple is unpacking cardboard boxes in new apartment, carrying plants and other home belongings

Whether you rent an apartment or own a home in Nevada, insurance is essential to protect your belongings and financial well-being. But the type of insurance you need depends entirely on your living situation—and the differences between renters and homeowners insurance are significant.

Let's break down exactly what each policy covers, how much they cost, and which one is right for you.

The Quick Comparison

Renters Insurance

Covers personal belongings

Liability protection

Additional living expenses

Does NOT cover building

Average Cost

$15-30

per month

Homeowners Insurance

Covers dwelling structure

Personal belongings

Liability protection

Additional living expenses

Average Cost

$100-200

per month

The Key Differences Explained

1. Building/Dwelling Coverage

The most significant difference between the two policies

Renters Insurance

Does NOT cover the building structure. Your landlord's insurance covers the apartment or house itself—you're only responsible for your belongings.

What's NOT Covered:

• Roof, walls, foundation
• Built-in appliances
• Flooring, cabinets

Homeowners Insurance

Covers the entire structure of your home including roof, walls, foundation, and attached structures like garages.

What IS Covered:

• Full dwelling structure
• Attached structures
• Built-in systems

2. Personal Property Protection

Both policies cover your belongings, but coverage amounts differ

What's Covered by Both: Furniture, electronics, clothing, jewelry, appliances you own, sports equipment, and more. Coverage applies whether items are damaged at home or stolen from your car.

Typical Coverage Amounts:

Renters Insurance $15,000-$30,000

Homeowners Insurance $100,000-$300,000

3. Liability Protection

Both include liability coverage—but homeowners typically need more

Liability coverage protects you if someone is injured in your home or if you accidentally damage someone else's property. Both renters and homeowners policies include this essential protection.

Typical Renters Liability

$100,000

Sufficient for most renters

Typical Homeowner Liability

$300,000-$500,000

Higher limits recommended

4. Cost Difference

Renters insurance is significantly more affordable

Nevada Average Costs

Renters Insurance

$180

per year

That's just $15/month

Homeowners Insurance

$1,800

per year

About $150/month

Why the difference? Homeowners insurance costs more because it covers the entire structure of your home, which is much more expensive to repair or rebuild than replacing personal belongings.

5. When It's Required

Different requirements for renters vs. homeowners

Renters Insurance

Not legally required

But increasingly required by landlords
Many Nevada apartment complexes now require proof of renters insurance before signing a lease

Homeowners Insurance

Required by mortgage lenders

You cannot close on a home without it
Must maintain continuous coverage as long as you have a mortgage

Which Insurance Do You Need?

You Need Renters Insurance If:

You rent an apartment, condo, or house
You want to protect your personal belongings
Your landlord requires insurance
You want liability protection

You Need Homeowners Insurance If:

You own your home
You have a mortgage (required by lender)
You want to protect your property investment
You need comprehensive protection

What Both Policies Have in Common

Personal Property

Your belongings are protected

Liability Coverage

Protection from lawsuits

Living Expenses

Temporary housing costs

Medical Payments

Guest injury coverage

Common Misconceptions

Myth: "My landlord's insurance covers my stuff"

Reality: Your landlord's policy only covers the building structure. Your personal belongings are NOT covered unless you have renters insurance.

Myth: "Renters insurance is too expensive"

Reality: At $15-30/month, renters insurance costs less than most streaming services. It's one of the most affordable insurance products available.

Myth: "I don't own enough to need insurance"

Reality: Add up your clothes, furniture, electronics, kitchen items, and more—you likely own $20,000-40,000 worth of stuff. Could you afford to replace it all out of pocket?

Myth: "My home is paid off, so I don't need insurance"

Reality: Even without a mortgage, homeowners insurance protects your investment. Could you afford to rebuild your entire home after a fire?

The Bottom Line

The choice between renters and homeowners insurance isn't really a choice at all—it depends entirely on whether you rent or own your home. Both are essential forms of financial protection that safeguard your belongings, provide liability coverage, and offer peace of mind.

Whether you're a Nevada renter paying $15/month or a homeowner paying $150/month, insurance is a small price to pay for comprehensive protection against life's unexpected events.

Get the Right Coverage for Your Situation

Whether you rent or own, we'll help you find affordable protection in minutes.

Renters Insurance Quote Homeowners Quote

Or call us at (702) 262-9900

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