Home Insurance in Spring Valley, NV
Enjoy customized indemnity protection at competitive prices for home insurance in Spring Valley.
Spring Valley's roots date to the 1960s with the construction of the Stardust International Raceway. After Pardee Homes purchased the land in 1970, it built Spring Valley as a planned housing development. Designated as an unincorporated town in 1981, it took its name from its scenic view of the nearby Spring Mountains.
While the Las Vegas Motor Speedway has replaced the original Stardust track, Spring Valley remains a vibrant Las Vegas suburban community. Described by Niche as having a "dense suburban feel," it lies close to Red Rock Canyon and Sloan Canyon and enjoys easy access to schools, shopping and green spaces.
Spring Valley has a population of 217,441 and a median household income of $63,494. The local population is a mix of young professionals and families. Most residents are employed in food service, management, office and administrative support, sales, personal care and transportation occupations.
In Spring Valley, 49.5% of residents own their homes. Nearly 70% of the homeowning population pay for their homes with mortgage loans. The community's median home value is $318,000. With so much at stake, indemnity protection is crucial for area homeowners. Use VIU by HUB to find home insurance in Spring Valley that fits your requirements and budget.
Because Spring Valley is a Las Vegas suburb, it has similar home insurance rates. Homeowners in the community pay an average of $1,085 per year. While that's close to the state's annual average, it's much lower than the national yearly average of $1,820.
Because insurance companies assume some of a homeowner's risk, underwriters consider several factors when offering a policy and determining premiums. A home's value, age and location are key variables, along with climate-related risk factors. As a homeowner, your credit score and previous claims history can also impact your premiums.
The Risk Factor website states that Spring Valley has a "major fire factor" with 41% of area properties having some chance of being affected by wildfires over the next three decades. Climate change drives this risk as rising temperatures, shifting precipitation patterns and decreasing humidity create a drier overall environment.
Home insurance protects against many accidental and intentional losses. Covered claims typically include fire, smoke damage, storms, hail, wind damage, falling objects, theft, malicious mischief and vandalism. Standard policies usually consist of four components:
Most standard home insurance policies cover wildfires. However, your rates may be higher if you live in a higher-risk area.
Your home policy may have upper limits on individual personal items. High-value goods such as expensive jewelry, computer equipment or family heirlooms may need additional protection. Special personal property endorsements can add coverage for an item's appraised value.
VIU by HUB makes getting home insurance in Spring Valley fast, affordable and efficient. You can obtain quotes, compare options, add coverages and purchase your policy all on one user-friendly platform.
This information is intended for general informational purposes only and is not intended to constitute legal advice."
