Are There Any Types Of Optional Coverage Available For Consumers In Nevada?

Yes, Nevada allows for several optional coverages to cover your collateral losses in the event of a claim being filed. They are as follows: 1. Medical payments coverage is an optional coverage. However, Nevada law requires that your insurance company offers you at least $1,000 of this coverage. This coverage pays for the medical and funeral expenses for you or others injured or killed in an accident while riding or driving in your auto. Claims against this coverage include all reasonable hospital, surgical, chiropractor, xray, dental, professional nursing, prosthetic and funeral expenses. It will also cover you or members of your family if an auto strikes you while walking or riding in another auto. This coverage will also pay for your medical and funeral expenses even if you cause the accident. Usually, only expenses incurred within a specified period of time after the accident are included. 2. Rental reimbursement coverage usually pays $15 to $20 a day to rent a car for a specific number of days while your vehicle is being repaired. The premium will vary from insurer to insurer. 3. Towing and labor coverage pays the cost of towing your car to the repair shop subject to the limit of your policy. Premium for this coverage can run as low as $5 to $10 per year. However, if you are a member of an auto club, you probably already have this service and may not want to duplicate your coverage.

Other Nevada Insurance FAQs

Q: What Is The Nevada Definition Of An Insurance Agent?
A: An agent is a natural person, partnership or corporation appointed by an insurer to solicit and negotiate insurance contracts on its behalf, regulated by the Nevada … More
Q: What Are The Necessary Requirements To Become An Agent?
A: The following qualifications must be met in order to become an agent in Nevada: 1. You must pay the licensing fee of $140.00 2. A resident producer must take and … More
Q: What Is An Agent?
A: An agent is a licensed representative of an insurance company who solicits, negotiates, or effects contracts of insurance and provides service to the policyholder for … More
Q: What Is A Broker?
A: A Broker is an individual, partnership or corporation who, for compensation, (not being a licensed agent for the company in which a policy of insurance is placed) acts … More
Q: What Is An Assignment?
A: An assignment is the signed authorization by the policyholder for the insurance company to pay benefits directly to the hospital, doctor, or other provider.
Q: What Is A Legal Service Representative?
A: A legal service representative is an individual appointed to represent a legal service insurance corporation that has been authorized by MDI to conduct a prepaid legal … More
Q: What Is A Beneficiary?
A: A beneficiary is the person designated or provided for by the policy terms to receive the proceeds upon the death of the insured.
Q: What Are Benefits?
A: Benefits are the dollar amount payable by the insurance company to the claimant, assignee, or beneficiary under any valid policy.
Q: What Are The Different Types Of Coverage On An Auto Insurance Policy In Nevada?
A: There are several different types of coverage. 1. Bodily Injury/ Property Damage Liability These coverages protect you if you injure someone else or damage … More
Q: Questions/Factors Insurers May Ask/Consider Before They Offer You A Policy:
A: 1. Driving Record On the application, you will be asked about your previous driving record. Insurers will ask about accidents and traffic violations for any … More