5,000 Denials and Counting: Why Nevada Homeowners Are in Crisis Mode

Homeowners in Nevada are experiencing an insurance crisis as companies cancel policies due to increased wildfire risks. In 2023, 481 policies were canceled, an 82% rise from the previous year, and nearly 5,000 homeowners were denied coverage. Assembly Bill 437 proposes a FAIR Plan to help those unable to obtain traditional insurance, requiring denial by three insurers and risk assessments. Rising costs and limited options threaten homeownership in fire-prone areas, emphasizing the need for effective wildfire mitigation efforts.