Your Nevada condo insurance dropped wildfire coverage or won't renew — what now?

Nevada at a glance

The wildfire carve-out

A 2025 Nevada law (AB 376) permits insurers to carve wildfire coverage out of homeowner policies. For associations in the Reno/Tahoe/Carson region, that means the master policy may renew while quietly excluding the single peril most likely to cause a catastrophic loss. Reading the policy for a wildfire exclusion is now essential.

No HOA backstop

Nevada has no FAIR Plan specific to community associations — only a residential-fire pool. So an association that loses standard coverage or wildfire coverage has limited fallback and usually ends up in the surplus-lines market at higher cost, or self-insuring part of the risk through higher deductibles passed to owners.

What's required

NRS requires associations to carry property insurance at 80% of replacement cost plus liability, fidelity, and D&O (NRS 116.3113–31135). But with wildfire now excludable and no HOA FAIR Plan, boards are raising deductibles or special-assessing to fund separate wildfire policies — shifting risk to owners. The master declarations and your HO-6 show where it lands.

Sources

• The Nevada Independent — AB 376 wildfire carve-outs (2025)(High)
• NRS 116.3115 — board assessment authority(High)
• NRS 116.4109 — resale package(High)

Educational only — not legal, financial, or engineering advice. Confirm against the current statute and, where it matters, a Nevada-licensed professional.