Auto and Personal Lines Coverages
Nevada auto basics
Nevada is a tort (at-fault) state, not a no-fault state. NRS 485.185 requires minimum liability limits of $25,000 per person / $50,000 per accident for bodily injury and $20,000 for property damage. Uninsured motorist coverage must be offered at limits equal to the liability limits and remains in force unless the insured rejects it in writing (NRS 687B.145); underinsured motorist coverage follows the same logic. Medical payments and collision are optional. Vehicles must carry proof of insurance, and repeat or serious violators may need an SR-22 certificate of financial responsibility.
Reading a personal auto policy
The declarations, liability, medical payments, UM/UIM, physical damage (collision and other than collision), and endorsements. Key ideas: permissive use extends liability coverage to a borrower; named-driver exclusions remove coverage; business or livery use may fall outside the personal auto grant; a rideshare endorsement bridges the gap. Physical damage pays actual cash value unless the policy or an endorsement states otherwise. Nevada's total-loss/salvage statute (NRS 487.790) governs when a damaged vehicle must be treated as a total loss and reported accordingly.
Worked example
An insured with 25/50/20 is legally liable for an accident injuring three people, each with $30,000 in medical bills, plus $8,000 of property damage. Reasoning: each person's injury exceeds the $25,000 per-person limit, so each is capped at $25,000; but the per-accident cap is $50,000, so the three bodily injury claimants share $50,000 pro rata (about $16,667 each). Property damage is paid separately, up to $20,000, so the full $8,000 is covered. The insured is personally exposed for the unpaid bodily injury balance.
Traps that cost marks
Assuming Nevada requires PIP. Forgetting the separate property damage limit. Treating UM as covering the insured's own vehicle damage. Missing that a written rejection is required to remove UM.