[Rev. 4/15/2026 4:10:34 PM--2025]

CHAPTER 691A - PROPERTY INSURANCE

NRS 691A.010        Applicability of other provisions.

NRS 691A.020        Insurer of certain manufactured homes or mobile homes required to offer coverage which pays replacement value in event of total loss of manufactured home or mobile home; exception.

NRS 691A.030        Loans secured by real property: Lender prohibited from requiring borrower to insure improvements to property for more than their replacement value.

NRS 691A.035        Coverage of peril of wildfire in policy of property insurance.

NRS 691A.040        Regulations.

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NRS 691A.010  Applicability of other provisions.  All contracts of property insurance covering subjects located in this state are subject to the applicable provisions of chapter 687B of NRS (the insurance contract), and to other applicable provisions of this Code.

      (Added to NRS by 1971, 1779)

NRS 691A.020  Insurer of certain manufactured homes or mobile homes required to offer coverage which pays replacement value in event of total loss of manufactured home or mobile home; exception.

      1.  Except as otherwise provided in subsection 3, each insurer which provides a policy for a personal line of property insurance covering a manufactured home or mobile home in Nevada that was manufactured within the immediately preceding 15 years shall offer to an insured, on a form approved by the Commissioner and in addition to any other insurance, the option of purchasing insurance to pay the replacement value of the manufactured home or mobile home in the event of a total loss of the manufactured home or mobile home, including the reasonable costs for:

      (a) Transporting and installing the replacement manufactured home or mobile home; and

      (b) Debris removal.

      2.  Nothing in this section requires any insurer to offer any insurance on manufactured homes or mobile homes at a premium which is not fair and adequate.

      3.  The provisions of this section do not apply to a policy of insurance placed on a manufactured home or a mobile home by a creditor or lender.

      4.  As used in this section:

      (a) “Manufactured home” has the meaning ascribed to it in NRS 489.113.

      (b) “Replacement value” means the amount needed to repair, replace or rebuild a damaged or destroyed manufactured home or mobile home using new materials of similar kind and quality with no deduction for depreciation. The term does not include the value of land.

      (Added to NRS by 1981, 475; A 2011, 3387)

NRS 691A.030  Loans secured by real property: Lender prohibited from requiring borrower to insure improvements to property for more than their replacement value.

      1.  A lender shall not require a borrower, as a condition of obtaining or maintaining a loan secured by real property, to provide property insurance on improvements to real property in an amount that exceeds the reasonable replacement value of the improvements.

      2.  As used in this section:

      (a) “Borrower” means a mortgagor, grantor of a deed of trust or other debtor.

      (b) “Improvement to real property” means a fixture, building or other structure attached to real property and intended as a permanent addition to the property.

      (c) “Lender” means a mortgagee, beneficiary of a deed of trust or other creditor who holds a mortgage, deed of trust or other instrument that encumbers real property as security for the repayment of a debt.

      (Added to NRS by 2001, 1465)

NRS 691A.035  Coverage of peril of wildfire in policy of property insurance.

      1.  An insurer that issues a policy of property insurance may exclude the peril of wildfire from the coverage provided under the policy.

      2.  An insurer may, subject to any other applicable provisions of this title, issue a policy of property insurance that solely covers the peril of wildfire. Such a policy may be offered:

      (a) On a standalone basis; or

      (b) In coordination with a policy that excludes the peril of wildfire pursuant to subsection 1.

      3.  An insurer may use a definition of “wildfire” in the policy that varies from the definition set forth in subsection 4 if the Commissioner has approved the variance.

      4.  As used in this section, “wildfire” means an unplanned and uncontrolled fire in an area of combustible vegetation that originated from outside any residential or commercial property.

      (Added to NRS by 2025, 2710)

NRS 691A.040  Regulations.  The Commissioner may adopt regulations to carry out the provisions of this chapter.

      (Added to NRS by 2011, 3387)