In the sprawling and ever expanding suburbs of Las Vegas, Andrea Duran has established herself as a trusted authority in the insurance industry. As the owner of the American Family Insurance-Andrea Duran Agency, she has her finger on the pulse of the ever-evolving and complex landscape of coverage options in Las Vegas with skill and insight. Her deep knowledge of the local market and its distinct challenges makes her a trusted resource for residents looking to protect their assets and dreams.
"Our mission is to safeguard your assets and secure your future with our tailor-made coverage that suits your individual circumstances," Andrea states, encapsulating the ethos of her agency. With a focus on property, casualty, and auto insurance, as well as offerings in commercial insurance, life coverage, and retirement planning, Andrea’s agency is a one-stop shop for locals looking to protect their dreams.
The Changing Face of Homeowners Insurance
As wildfires were seen in neighboring California, Andrea warns of the ripple effects on Nevada's insurance market. "When instances like these arise, it affects premiums for everyone," she explains. "I foresee premiums for homes increasing as they have been on the rise already. I also have seen some companies pull out of Nevada altogether and non-renew homes and rental properties."
This shift underscores the importance of regular policy reviews. Andrea encourages her clients to reassess their coverage each year or whenever they make major changes to their property. "Nevada's housing market has increased property values, especially in certain zip codes of Las Vegas and Henderson. I would also make sure replacement costs are updated to reflect current values," she emphasizes.
Factors Influencing Premiums and Cost-Saving Strategies
Understanding what drives insurance costs can help homeowners make informed decisions. Andrea outlines several key factors that all play a role: Property location, age, construction details, replacement cost, and claims history.
But there's good news for cost-conscious homeowners. Andrea shares some insider tips, "To lower the cost, protect the home with smart home equipment. It's important to note that you can choose your deductible, and the higher you choose, it will typically lower the annual premium."
She also highlights unique discounts offered by her agency, "We offer additional discounts if clients have a COSTCO membership, Ring or camera doorbell system, smart thermostat, water leak detectors, and for those living in gated communities."
Beyond Standard Coverage: Protecting What Matters Most
When it comes to valuable personal property, Andrea’s agency offers solutions that go beyond standard limits. "We offer scheduled personal property coverage and add it to your home policy. We do need appraisals on jewelry and receipts for artwork and other items you wish to cover," she explains.
For those concerned about liability, Andrea outlines her agency's approach, "We have a limitation for Dangerous Dog and Exotic Animal Liability – up to $25,000 that is included in our homeowners policy. We also have personal liability standard of $300,000, but it can be raised to $500,000 up to $1,000,000 on your home policy."
The Power of Bundling
One strategy that Andrea consistently recommends is bundling policies. "Bundling lowers the premiums on both home/auto, home/auto/umbrella or home/auto/life," she explains. "It doesn't just save with home/auto, as not everyone owns a home. A renters, life, and/or umbrella policy adds savings to the auto when combined in same household."
A Local Expert with a Personal Touch
As a Las Vegas native, Andrea brings a unique perspective to her work. "I was born and raised in Las Vegas and have seen the city and surrounding areas grow immensely," she reflects. ” "My team and I are here to answer any questions you have about the products we offer. We strive to be your trusted advisors, always keeping your best interests at heart."
In a city known for its high stakes, Andrea Duran and her team at American Family Insurance are working to ensure that when it comes to insurance, Las Vegas residents don't have to gamble with their future.
Disclaimer: Andrea Duran is an independent contractor representing American Family Insurance under their corporate rules. The information provided in this article is for general informational purposes only and should not be considered as professional advice. Neither the author, the magazine, nor American Family Insurance-Andrea Duran Agency can be held responsible for any actions taken based on the information provided in this article.