Whether you’re in Las Vegas to study, work, play, or for any other reason, you should cover your belongings with renters insurance.
While most people think of Las Vegas as a bastion of casino gambling and world-class entertainment, there’s a lot more to this city than just the Strip! Las Vegas offers its residents quality suburban living, beautiful parks, and lively family events.
We’ll walk you through the basics of renter’s insurance coverage, and we’ll also cover some of the best neighborhoods and hidden gems to discover in and around the city.
Here’s what we’ll cover:
- What does renter’s insurance cover in Las Vegas?
- Is renter’s insurance required in Las Vegas?
- How much does renter’s insurance cost in Las Vegas?
- The best neighborhoods for renters in Las Vegas
- These Las Vegas companies will make your rental a home.
- Random facts that make Las Vegas great
What is Renter’s Insurance Coverage in Las Vegas?
Okay, so you understand that renters insurance in Nevada is a great idea in theory, but you’re probably curious about what renters insurance can actually do for you. Let’s look at the components of your policy and your coverage options. These are the main types of insurance you should know about:
Personal Property
Personal property insurance ensures that your personal belongings are protected, whether you’re relaxing in your apartment or traveling around Europe. So if your living room furniture is ruined due to water damage from a burst pipe or your phone is stolen during a trip to Berlin, your renter’s insurance will help you with the replacement costs.
Loss of Use
What happens when a disaster strikes? If you can’t stay in your home due to covered losses (such as a fire or a storm), your “loss of use” insurance provides reimbursement for temporary housing and additional living expenses like food, laundry, hotel parking, and more.
Liability Insurance
If someone is injured in your apartment or if someone covered by your policy causes damage to someone else’s property or belongings, your insurance companies should cover things like legal fees and property damage.
Medical Protection
Your renters insurance covers all your medical expenses if your guests are injured in your home or if you accidentally injure people outside your home as well. Please note that your renter’s insurance quote will not cover medical bills if you or your roommates are injured, only non-residents and guests.
Is Renter’s Insurance Required in Las Vegas?
While there is no law in Las Vegas requiring renters insurance, your landlord may specifically require it. And if your lease states that you need renter’s insurance, then that’s it.
The good news is that Lemonade makes it easy to get affordable renters insurance. If you get renters insurance, you’ll thank yourself later when your belongings are stolen or damaged! When you sign up, your landlord can request to be added as a “party of interest” to your policy.
This simply means they will be informed when you make changes to the policy or cancel it. Adding it is easy with the Lemonade app.
How much does Renter’s Insurance Cost in Las Vegas?
On average, renters insurance in Las Vegas costs about $16 per month, or about $192 per year.
The exact cost of renters insurance will depend on the amount of personal property coverage you have, your liability and medical bill coverage, your deductible, and any additional coverage you choose when purchasing renters insurance.
What is the Right Amount of Coverage?
There is no easy answer to this question. The amount of renter’s insurance you need depends on the number of things you need to cover and their value. As mentioned above, your policy will consist of a few main categories: contents (your belongings); loss of use (temporary living expenses); and then personal liability and medical bills.
You can set coverage limits for these categories when you purchase Lemonade insurance. Lower coverage limits can save you a few dollars on renter’s insurance costs, but they can also leave you under-insured if you need to make a claim. You’ll also need to calculate your deductible.
Peccole Ranch:
Peccole Ranch is a cozy and quaint neighborhood in Las Vegas, Nevada, full of well-maintained trails, parks, sports fields, and a clubhouse with a huge pool. Some of Peccole Ranch’s gated communities also have their own pools. Peccole Ranch has some of the best disc golf courses in Las Vegas, NV. The neighborhood’s Sahara West Library is the ideal location for events, art exhibits, story times, and plays.
There is a home for every budget at Peccole Ranch. Many sprawling single-family homes line the tree-lined streets. You’ll also find many condos, apartments, and townhomes in Peccole Ranch, where more than half of the residents are renters. The average rent for an apartment in Peccole Ranch is $1,665, according to RentCafe.
The lakes:
Just east of Summerlin, you will find the community of The Lakes. This Las Vegas community is designed around a series of man-made lakes and ponds, giving you the feeling of being at an oceanfront resort rather than in the desert. Residents enjoy a high standard of living with amenities such as water sports, walking trails, and convenient proximity to shopping centers. The large, man-made Sahara Lake is the center of the community. This is the only community in Las Vegas where residents have their own private dock and boardwalk.
Just outside of The Lakes, you’ll find Desert Breeze Park and Canyon Gate Golf Course. The neighborhood’s 4,000 homes tend to be a little older and more established, and the streets are lined with mature trees. At The Lakes, you will find private homes, condominiums, and townhomes. RentCafe reports that the average rental cost in The Lakes is $1,665.
These Las Vegas Companies will Turn Your Rental into a Home:
Not all the lights in Las Vegas, NV, are neon! Northern Lights & Fans offers quality lighting, lamps, and home accessories to fit your style and budget. The store offers a wide range of beautiful lights and fans. The store is also known for its attentive service, professional service, and competitive prices.
Southshore Fine Linens is the place to shop for beautiful, luxurious linens for your Las Vegas home. Shop beautiful bedding sets, comforters, duvet covers, blankets, and bedspreads and decorate your home with comfort and style. Southshore is known for its high-quality fabrics and generously sized sheets that stay in place.
Somers Furniture has been decorating homes and outdoor spaces in Las Vegas for over 30 years. Buy beautifully designed, functional, and durable pieces for your pool and patio area and receive them for free in just 2-4 weeks. Somers Furniture is known for its attention to detail and impeccable customer service.
Random Facts That Make Las Vegas Great:
When Nevada legalized gambling in 1931, not everyone was happy. Some parts of the United States even called for Nevada’s statehood to be revoked!
The Stratosphere in Las Vegas is the tallest observation tower in the United States, at 1,149 feet. It is also the second-tallest freestanding structure west of the Mississippi. If you’re feeling especially brave, you can even go bungee jumping!
The Las Vegas Strip is not actually located within the city limits of Las Vegas. Technically, it’s in Clark County.
Las Vegas only receives four inches of rain a year, making the desert city one of the driest in the country; only Yuma, Arizona, is drier.