http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/index.html LawInfo - Legal Resource Center offers free legal forms and free legal documents that is designed to help consumers and businesses resolve their legal issues http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/what-does-liability-insurance-cover.html Most auto liability insurance policies contain three major parts: liability insurance for bodily injury, liability insurance for property damage, and uninsured/underinsured motorist coverage: 1. Bodily injury liability insurance does not protect you or your car directly. If you are the cause of an accident in which other people are injured, this insurance protects you against their claims for damages such as medical expenses, lost wages, and pain and suffering. This insurance coverage will also pay if a member of your family living with you caused the accident, or a person using your car with your consent. Bodily injury liability insurance carries specific benefit limits. These limits address how much money your insurance company is committed to pay for any one victim injured in an accident and limits the amount they must pay for multiple victims. In order to make a smart consumer purchase, you must understand these limits for bodily injury liability insurance. In Nevada, you are required to carry the following limits: $15,000 for bodily injury or death of one person in an accident; and, $30,000 for bodily injury or death of two or more persons in an accident. You may decide to purchase additional coverage. This decision may be based on your desire to protect your assets from additional claims above the minimum amounts. The extra cost of higher coverage tends to be relatively low. 2. Property damage liability insurance pays for any damage you cause to the property of others, such as a crushed fender, broken glass, or a damaged wall or fence. Your insurance will pay for this damage whether you are driving your automobile or whether another person with your consent is driving it. Nevada law requires you to carry $10,000 for injury or damage to the property of others. Once again, you may decide to purchase additional coverage. 3. Uninsured/underinsured motorist coverage protects you directly. This coverage pays if you are injured by a hit­and­run driver or a driver who does not have auto insurance (uninsured), or whose policy limits are not high enough to cover your injuries (underinsured). This coverage takes the place of the insurance the other driver should have purchased, or whose policy limits were not enough to cover your injuries. This coverage does not protect the other driver and it does not cover damage to your vehicle. Nevada law requires your insurance company to offer you uninsured motorist coverage in an amount not less than your minimum limits for liability insurance for bodily injury described above. You do not have to accept this offer. Nevada law does not require that you carry uninsured motorist coverage. Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/are-there-any-optional-coverages-to-consider.html Yes, there are several options from which you can choose. Choices should be tailored to your particular living situation: Guaranteed Replacement Cost Coverage Guaranteed replacement cost coverage is the most complete coverage for your home. To obtain this type of coverage, you typically must meet specific underwriting rules and conditions of the company. This may include increasing the amount of your insurance on a monthly, quarterly or yearly basis to keep up with the inflation rate. Check with your insurance agent to determine if an additional premium is required and if there are exclusions or conditions that apply. Inflation Guard Endorsement If the replacement cost of your home is increasing with inflation, your policy limits must be periodically increased to maintain your coverage at 80% or higher. Even though the amount of homeowners insurance you carry is at least 80% of your home replacement cost, this amount of coverage may not be enough in the future. To aid you in keeping coverage at an adequate level, some companies offer an "Inflation Guard Endorsement." This endorsement will allow your insurance company to automatically change your policy limit during the policy period. Normally, the higher premium is not paid until the time of renewal. Even if you have this endorsement on your policy, you should check your coverage limits periodically to make sure you are adequately, but not excessively, insured. Not all companies offer this endorsement, so check with your agent or company if you are interested in purchasing it. Scheduled Personal Property Endorsement This endorsement is sometimes called a "personal article floater." A personal article floater covers possessions such as jewelry, furs, stamps, coins, guns, computers, antiques and other items that may exceed normal limits in your regular home insurance policy. A personal article floater itemizes each article, gives a description of the article insured and lists excluded perils. It often provides coverage that is broader than the coverage granted in the home insurance policy. There is typically no deductible applied to this coverage. Increased Limits on Money and Securities This endorsement increases the coverage on money, bank notes, securities, deeds, etc. Secondary Residence Premises Endorsement Homeowners' coverage under this endorsement applies to a secondary residence such as a summer home. Remember that these secondary residences are not automatically covered by the home insurance policy on your primary or principal residence. Watercraft Endorsement Applicable to small sailboats and outboard motor boats, this endorsement broadens personal liability and medical payments coverage as well as physical damage to the boat. You may need to purchase a "Boat Insurance Policy." Theft Coverage Protection Endorsement As a result of this endorsement, your theft protection is broadened. The contents of your motor vehicle, trailer or watercraft are covered without proof of forcible entry. This endorsement applies only to forms HO­1, HO­2, HO­3 and HO­4. These forms are also available from the NDIC. Credit Card Forgery and Depositors Forgery Coverage Endorsement Loss, theft or unauthorized use of credit cards (with certain exceptions) is covered by this endorsement. Also covered is the forgery of any check, draft, promissory note, etc., again with certain exceptions. No deductible applies to this endorsement. Flood Insurance Each year, thousands of Americans find out too late that their homeowners' policies do not cover flood damage. Many people mistakenly believe that if they own or rent homes in floodplain areas, only then do they need flood insurance coverage. The fact remains that many people living outside high­risk areas do not have coverage for flood damage. National Flood Insurance Program (NFIP) statistics show that over one in four claims are paid to homeowners and renters located outside the floodplains. People should seriously consider protecting their homes and personal assets from the destruction of flooding by purchasing flood insurance. Unfortunately, most people without flood insurance never fully recover financially. The NFIP is the only way for most people to buy flood insurance to protect their homes and personal property from the financial ruin brought on by flooding. Nearly every home' or renters' policy throughout the United States specifically excludes coverage for damage by "rising water." An NFIP Standard Flood Insurance Policy specifically provides coverage from "partial or complete inundation of normally dry land areas." For more information, contact your agent or call NFIP at 1­888­call flood, extension 445. Earthquake Insurance Earthquake insurance is available through most insurance companies at an additional cost. It is normally issued as an endorsement and attached to your home insurance policy. Windstorm Coverage Most home insurance policies cover damage caused by windstorm and hail. However, in some areas of certain states, mostly coastal, this coverage is excluded from the standard policy. For more information, ask your insurance agent or insurance company if this peril is covered by your policy. Nevada Insurance FAQs Mon, 04 Jun 2007 21:51:22 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/are-there-any-types-of-optional-coverage-avai.html 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. Nevada Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/questions-factors-insurers-may-ask-consider-b.html 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 driver covered by the policy for the preceding 3­5 years. Drivers with previous violations or "at fault" accidents are considered to be a higher risk and are charged a higher rate. 2. Territory ­ The claims experience in your geographical area will also affect your rates. Applications include a question that asks for the address where the vehicle will be garaged. From this information, insurers assign you to a territory whose rate is based on historical experience for that territory. Generally, more claims are made from urban areas with tendencies of busy traffic, thefts, vandalism, etc., than from rural areas. 3. Gender and Age ­ Statistically, males have more accidents than females. For this reason, men may tend to pay more for insurance than women. A small number of states have prohibited insurers from using gender as a factor in underwriting; however, Nevada allows this type of rating. Insurers also have statistics that show a higher number of claims for some age groups than for others. For these reasons, young men tend to pay more for insurance than young women, and a person under 25 will pay more for insurance than a person of age 35. 4. Marital Status ­ Statistics show a lower rate of auto insurance claims among married policyholders than unmarried policyholders. 5. Prior Insurance Coverage ­ Insurers may ask if you have previously had insurance coverage because they want to know if you have been canceled for non­payment of premiums or other reasons. If you have had insurance, your prior company can tell the new insurer about your claims history. 6. Vehicle Use ­ You will be asked on the application how often and how far you drive the vehicle that you want to insure. Greater use will generally result in higher premiums due to the increased exposure to risk. 7. Make and Model of Vehicle ­ The type of car you drive will directly affect the cost of comprehensive and collision coverage. A make or model of car that has a high number of claims or higher claims cost will be charged a higher premium. The single greatest influence on the rating process is claim frequency. This does not mean how many times you specifically have made an insurance claim; although that will have an additional effect. Claim frequency measures how often an insured event occurs within a group relative to the number of policies contained in that group. Persons sharing characteristics with a high­claims group will be charged more for insurance coverage. At the same time, persons who share characteristics with low claims classes will be charged lower rates. In addition, insurance companies offer discounts to individuals that exhibit certain characteristics. However, the greatest controllable factor is your driving record. A person with a clean driving record will pay less than other drivers. Nevada Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/what-are-benefits.html Benefits are the dollar amount payable by the insurance company to the claimant, assignee, or beneficiary under any valid policy. Nevada Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/what-are-the-amounts-of-coverages-required-in.html Coverage requirements in Nevada are based upon the Nevada tort system, which applies the negligence standard for all issues at law. That is to say that if you are found negligent in a certain situation, you will be financially responsible for any bodily and/or property damages suffered by the injured/innocent party. Nevada has several minimum requirements for an insurance policy to be considered valid. They are detailed below: Outline of coverage requirements/minimums: As required by Nevada law, the minimum insurance policy must provide coverage in the amount of $15,000 for bodily injury or death of one person in an accident, $30,000 for bodily injury or death of two or more persons in an accident, and $10,000 for injury or damage to the property of others. This coverage is generally described as 15/30/10. When you have liability coverage, your insurance company will pay for the victim's damages up to your policy limits. If you choose, you can increase your coverage for added protection. The penalty for not having liability auto insurance is severe. If you are the owner of a motor vehicle that is registered, or should be registered, and you are found guilty of operating, or allowing someone to operate your motor vehicle without insurance, you will be fined a minimum of $50 to a maximum of $250 by the DMV insurance verification program. If you are found to be without insurance by a law enforcement officer, the penalty will be administered by a court of jurisdiction and is generally more severe. In addition, if you do not carry insurance and you or someone using your motor vehicle with your permission is involved in an accident, your registration and driver's license may be revoked. You may also be required to have an insurance company certify that you have insurance. Most insurance companies will charge you an additional fee for this certification (commonly referred to as a SR­22) which you will have to maintain continuously for a three­year period. Finally, once you have gone without insurance for any period of time you may find it difficult to find insurance you can afford. Many companies do not insure people who have not had insurance or have allowed their insurance to expire. Other companies will simply charge you more for insurance. As you can see, going without insurance can cost you much more than carrying the liability coverage that is required by Nevada law. Nevada Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/what-are-the-basic-types-of-home-property-ins.html There are several types of home/property insurance, depending both upon your living situation and your need for protection from loss/harm. They are detailed below: 1. Property Damage: Property damage coverage helps pay for damage to your home and personal property. Other structures such as tool sheds, detached garages, houses and their contents are also covered. You should check with your agent or your insurance company to determine if the amount of coverage on other structures is sufficient. Personal property is the contents of your home and other personal belongings owned by you or family members who live with you. Home insurance policies may provide limited coverage for small boats; however, most home insurance policies do not cover motorized vehicles unless they are unlicensed and used only at your home. Your insurance agent or your insurance company can help you find appropriate coverage for your car, boat, snowmobile or other recreational equipment. Some forms of personal property, such as silverware, computers, guns, money, expensive antiques and jewelry, have limited coverage under your homeowner's policy and may need additional insurance. This coverage can be added to your policy as an endorsement. You can choose to insure your home and belongings for either replacement cost or actual cash value. These terms are explained below. Replacement Cost or Actual Cash Value? Replacement cost is the amount it would take to replace or rebuild your home or repair damages with materials of similar kind and quality, without deducting for depreciation. Depreciation is the decrease in home or property value since the time it was built or purchased because of age or wear and tear. Many insurers require homeowners to insure their homes for at least 80 percent of the replacement cost. If the homeowner fails to insure for at least 80 percent of the replacement cost, a penalty is applied to partial losses. For example, if it would cost $125,000 to replace your home and it is insured for $100,000 (80 percent of its replacement value), and a fire causes $25,000 worth of damage, then your insurance company will pay the full $25,000. On the other hand, if your $125,000 home is insured for $75,000 (which is less than 80 percent of its replacement value), and you suffer a $25,000 loss, your company would pay for only part of the loss. You would have to pay the balance out of pocket. Your company would pay for damages based upon the following formula: Amount of Insurance Carried $75,000 = 3/4 or 75% Amount of Insurance Necessary $100,000 to cover assets (80 percent of $125,000) Using these figures, your company will only pay for 75% of your $25,000 loss. Hence, 3/4 x $25,000 loss = $18,750 paid by the company. You would have to pay the balance of $6,250. Insuring your home for at least 80% of its replacement cost is very important. Check with your agent or insurance company to see what is required. You may wish to insure at 100 percent of replacement cost so you will have sufficient coverage in the event of a total loss. Actual cash value is the amount it would take to repair or replace damage to your home after depreciation. For example, if your roof has a 20­year warranty and is 17 years old, there would be a depreciation for the age and condition of the roof. Most standard home insurance policies cover the contents of your home (i.e., personal belongings) on an actual cash value basis. Many insurers offer an option for you to insure your belongings at replacement cost. The premium will be slightly higher for this coverage; however, you may want to consider this option. Whether your home is insured for replacement value or actual cash value, it is important to keep track of its value. For instance, the addition of a room, new insulation and yearly inflation all increase the replacement cost of your home, while the actual cash value of the home may decrease over time. Additional Living Expenses Most home insurance policies provide additional living expenses that will pay some expenses if your home is damaged by an insured event to the extent that you cannot live there while repairs are being made, or if you are denied access to your home by government order. These expenses could include limited motel, restaurant and warehouse storage. Personal Liability This coverage protects you against a claim or lawsuit resulting from bodily injury or property damage (non­auto and non­business) to others caused by your negligence. This coverage applies to you and all family members who live with you. You should check with your agent or insurance company to determine if the amount of personal liability coverage is sufficient. Medical Payments Regardless of who is at fault, this coverage pays medical expenses for persons accidentally injured on your property by a member of your family or by your pets. Medical payments do not apply to your injuries or those of family members living with you or to activities involving your at­home business. You should check with your agent or insurance company to determine if the amount of medical payments coverage is sufficient. Insurance Forms An insurance form is another name for an insurance policy, and it specifies what perils (such as fire, lightening, flood, etc.) your home and belongings are insured against. The following are descriptions of the various insurance forms available for homeowners, renters and condominium owners. Not all insurers use these exact terms to describe their home insurance forms; however, the coverage provided will be similar. Home Insurance The five homeowners package forms offered to owners of single­family owner occupied homes are HO­1, HO­2, HO­3 with HO­15 and HO­8. These policy forms insure your home and belongings against at least 11 named perils. The more perils your policy covers, the more you will pay for the policy. Please email the Nevada Department of Insurance to receive these forms. Nevada Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/what-are-the-different-types-of-coverage-on-a.html There are several different types of coverage. 1. Bodily Injury/ Property Damage Liability ­ These coverages protect you if you injure someone else or damage someone else's property while driving your car. You must legally be liable for the injuries or damages to activate these coverages. Liability insurance is required by Nevada law. 2. Uninsured/Underinsured Motorist ­ This protects the policyholder, his or her resident relatives and occupants in the insured vehicle if they sustain bodily injury in an accident in which the owner or operator of another motor vehicle is legally liable and either does not have insurance or does not have enough insurance. The coverage must be offered under NRS 687B.145(2), but does not have to be accepted by the insured. 3. Medical Payments ­ This coverage pays for reasonable and necessary medical expenses, regardless of liability, resulting from accidental bodily injury while operating OR occupying an insured vehicle or when being struck by a motor vehicle as a pedestrian. 4. Collision ­ Protects your vehicle from damages with another vehicle or object regardless of fault. Your insurance company may seek to gain reimbursement if the other driver is at fault. 5. Comprehensive ­ Insures against theft or damage to your vehicle other than collision. Examples include vandalism, falling rocks or wind damage, as well as any other unforeseeable circumstance. · Collision and Comprehensive coverage are subject to a deductible, the amount of which is determined by the insured. Nevada Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/what-are-the-necessary-requirements-to-become.html 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 pass a written examination and successfully pass the ASI exam for the same lines of authority for which the application is made. 3. A resident applicant must furnish a copy of a search conducted by the FBI, and a search through the Nevada Highway Patrol Division for records of criminal history. Nevada Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/what-is-a-beneficiary.html A beneficiary is the person designated or provided for by the policy terms to receive the proceeds upon the death of the insured. Nevada Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/what-is-a-broker.html 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 or aids in any manner in placing risks or effecting insurance for a party other than itself. Nevada Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/what-is-a-deductible.html A deductible is an amount of money you agree to pay as part of a claim before the insurer is committed to pay the rest of the claim. For example, if you carried collision coverage with a $200 deductible and you had a $500 loss, you would have to pay $200 and the insurance company would have to pay the remaining $300. Basically, deductibles reduce your premiums because you agree to deduct an amount from the claim your insurer otherwise would have to pay. Insurance companies offer deductibles because they reduce the number of small claims which are costly for them to handle. If you purchase a new car with a loan, the financial institution that lent you the money may require you to purchase collision coverage. This is because they see your car as collateral for the loan, and they want to make certain it is worth something if they need to repossess the vehicle. Nevada Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/what-is-a-legal-service-representative.html 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 expense insurance business in Missouri. Nevada Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/what-is-an-agent.html 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 the insurer. Nevada Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/what-is-an-assignment.html An assignment is the signed authorization by the policyholder for the insurance company to pay benefits directly to the hospital, doctor, or other provider. Nevada Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/what-is-an-operators-policy.html An operator's policy is different than standard liability insurance. This insurance coverage insures the driver or operator, not the car. In other words, the driver or operator would be insured no matter what vehicle was driven. This insurance coverage would not cover another driver or person using your car with or without your consent. Nevada Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/what-is-protected-under-the-realm-of-property.html There are two main types of protection provided by property damage coverage, with a deductible included. The two types are: 1. Collision coverage pays for physical damage to your car as the result of your auto colliding with an object, such as a tree or another car. This is relatively expensive coverage. Remember, this coverage is optional and not required by law. However, your lending institution or lessor may require collision insurance. If you have an older vehicle worth less than $2,000, there is little reason for you to purchase collision coverage, because you are likely to pay more money in premium than you would ever receive as a result of a claim. Auto insurance policies only require the company to cover your financial expenses, not to replace your vehicle. In the case of an accident involving an older car, the cost of repairing the car can quickly exceed the worth of the car. In that case insurers will "total" the car and pay you what the car was worth rather than fixing the car. 2. Comprehensive coverage pays for damage to your auto from almost all other causes, which includes fire, severe weather, vandalism, floods and theft. Comprehensive coverage will also cover broken glass, such as windshield damage. Comprehensive coverage is less expensive than collision coverage and many consumers choose to carry it. However, remember it is your choice; you are not required by law to carry comprehensive coverage. Nevada Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/what-is-renters-insurance.html Renters' insurance covers liability that may arise from your dwelling if you do not own the home/apartment. It also insures your personal possessions should they be lost or damaged. Basically, the protections under a renters' insurance policy are the same as a homeowners' policy. The owner of the building is still responsible for insuring the building itself and for the liability coverage surrounding common areas of the dwelling. Nevada Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/what-is-the-nevada-definition-of-an-insurance.html 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 Department of Insurance (NDI). Nevada Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Nevada/what-kinds-of-discounts-are-available-if-any.html There are several discounts that can be offered, depending on certain factors, which are detailed below: 1. Multiple Vehicles ­ Most insurance companies offer a discount to consumers that insure more than one car with their company. Companies offer these discounts not only because they want all of your business, but also because it is easier for them to underwrite individuals that they know, thus reducing their risk and saving them money. In addition, industry statistics show that individuals and families that insure more than one car have better than average claims experience. Through this discount, companies pass along some of their savings to you. 2. Driver's Education Courses ­ Discounts for drivers education courses are targeted primarily at younger and older drivers. In Nevada, all insurers must provide for a reduction in premium for a three­year period for people aged 55 and above if they successfully complete a driving course approved by the Department of Motor Vehicles and Public Safety. The insured must maintain a clean driving record in order to keep the discount. One of the driving courses offered is 55­Alive and is sponsored by the American Association of Retired Persons (AARP). 3. Good Student ­ Insurers have found that students who are responsible enough to earn a B average or better tend to be more responsible drivers. For that reason, many companies offer a good student discount. 4. Safety Devices ­ Automobile safety devices can lower insurers' costs by preventing accidents or limiting their severity. These savings are passed along to the policyholder through discounts for safety equipment. This equipment includes air bags, automatic seat belts and anti­lock brakes. 5. Anti­theft Devices ­ Devices or systems that deter theft or vandalism also lower claims costs. Many companies offer discounts for anti­theft devices. 6. Low Mileage ­ The fewer miles you drive, the less chance you have of getting into an accident. Insurers recognize this fact and generally offer discounts for low mileage drivers. Some companies also offer discounts for drivers that participate in car pools. 7. Good Driver/Renewal ­ Some insurers offer discounts to drivers who maintain a good driving record and renew their policy with them. 8. Auto/Home Package ­ Some insurers offer a discount on one or both policies if an individual buys a homeowner policy and an auto policy from the same insurer. 9. Dividends ­ Some insurers, particularly mutual insurers, offer dividends to policyholders if the sale of auto insurance has been profitable to them. Dividends are declared and paid after the policy period has expired. Nevada Insurance FAQs Mon, 04 Jun 2007 21:51:22 GMT http://resources.lawinfo.com/en/Legal-FAQs/Auto-Insurance/Nevada/index.html Free Auto Insurance FAQs Insurance Sub-categories Sun, 29 Nov 2009 20:46:28 GMT http://resources.lawinfo.com/en/Legal-FAQs/Health-Insurance/Nevada/index.html Free Health Insurance FAQs Insurance Sub-categories Sun, 29 Nov 2009 20:46:28 GMT http://resources.lawinfo.com/en/Legal-FAQs/Home-Owners-Insurance/Nevada/index.html Free Home Owners Insurance FAQs Insurance Sub-categories Sun, 29 Nov 2009 20:46:28 GMT http://resources.lawinfo.com/en/Legal-FAQs/Life-Insurance/Nevada/index.html Free Life Insurance FAQs Insurance Sub-categories Sun, 29 Nov 2009 20:46:28 GMT