Why Is It Hard to Get Homeowners Insurance in Nevada Right Now? w/ Scott Kipper & Grant Meyer

Over the last couple of years, homeowners insurance has become a real challenge in Nevada. Insurance carriers are stricter - they are canceling coverage or completely refusing to renew policies, leaving consumers in a tough spot. 

There are many things causing this shift - from the increase in loss events all over the world which are driving extreme claim costs. Then of course, there’s Nevada’s proximity to California which is proving too risky for carriers. 

As real estate professionals, this matter is affecting our clients’ ability to close on a home, and their homeownership journey, so we need to keep it front of mind. 

What are the steps the state government is taking to deal with this? Are there any extra measures homeowners should be taking to get their property covered? 

In this episode, we’re joined by Nevada’s Commissioner of Insurance, Scott Kipper and Nevada REALTOR® Grant Meyer. They share why it’s so hard to get homeowners insurance right now, and possible solutions to this problem. 

 

Nevada is getting painted with the same insurance risk as California because of the tremendous loss from extreme wildfires. -Grant Meyer

 

Three Things You’ll Learn In This Episode 

• What homeowners can do 
  We’ve seen a rise in loss mitigation efforts across the state. Can this make it easier for people to attain coverage? 
  
  
• Why it’s so hard to get your home insured
  California has been the cause of a lot of insurance losses. How is this affecting Nevada? 
  
  
• Creating win-win solutions 
  What are some of the strategies the state of Nevada is working on to solve this insurance coverage problem? 

 

Guest Bio

Scott Kipper is the Nevada Commissioner of Insurance. As Commissioner, Kipper is charged with protecting consumers’ rights and the public’s interest in dealings with the insurance industry. Commissioner Kipper has more than 30 years of experience in the insurance industry, including prior stints as Nevada Insurance Commissioner from 2008 to 2010 and again from 2011 to 2015. He most recently served as the Deputy Commissioner for Operations for the State of Washington Office of the Insurance Commissioner. Prior to that, he founded a private consulting firm providing technical expertise on insurance issues, serving clients nationwide. He also has served as the Insurance Administrator of the Oregon Insurance Division, Deputy Commissioner at the Office of Health Insurance for the Louisiana Department of Insurance (DOI), and Senior Regional Director for State Affairs at America’s Health Insurance Plans (AHIP). To learn more and use the lookup tool, visit https://doi.nv.gov/. 

 

Grant Meyer

As an Incline Village year-round resident for more than 30 years, I immensely enjoy life in our fantastic alpine town!  Adventures may take me across the country and around the world, yet I always return home.  Lake Tahoe just can’t be beat! At the University of Southern California, I received multiple undergraduate degrees in Environmental Studies and Political Science before attending Vermont Law School to pursue Masters of Science in Environmental Law (MSEL) and Juris Doctorate (JD) degrees. Lucky to be able to raise another generation in our phenomenal town, my magnificent wife Molly and I have two daughters: Charlotte and Allison, plus Lucy our golden retriever.  We all enjoy being actively involved in the community, supporting local non-profits both fiscally and through board of director volunteer positions.  Easily identifiable on the hiking trails, ski slopes, golf courses, or beaches you are sure to find our family somewhere outdoors enjoying the abundant amenities Tahoe has to offer. Contact Grant at https://grant-meyer.cbselectre.com/

 

About Your Hosts

Tiffany Banks is the CEO and former general counsel of Nevada REALTORS®.  Her leadership is defined by a strategic approach to real estate advocacy and a commitment to community enrichment. With over a decade of legal experience, Tiffany guides the organization's direction with a keen focus on strategic consulting, complex legal analyses, and new business development. Nevada REALTORS® has successfully navigated legislative sessions, forging strong relationships with stakeholders and enhancing the community presence through impactful projects. Tiffany’s role encompasses not just operational management, but also driving growth and fostering a culture of excellence within the team and the broader real estate community.

Brandon Roberts is the President of Nevada REALTORS® and Corporate Broker/CoFounder of Signature Real Estate Group. Signature Real Estate Group is a real estate and property management brokerage that has grown to almost 800 agents in multiple states. He has been practicing real estate for over 27 years and has been a broker for 21 of them. Brandon has trained and coached Real Estate brokers and agents all over the country. His state of the art training at the Real Estate Academy has brought new agents to new levels. Making them into multi-million dollar producers within their first year.

 

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