Selling a Fire-Damaged House in Las Vegas

How Quickly Does Insurance Fire Pay a Claim in Nevada?

Each year, there are around 358,500 house fires in the United States. In 2021, a single home fire occurred every 93 seconds, whereas a single fire in any structure was reported every 65 seconds. The majority of house fires are caused by cooking, candles, heating, electrical systems, lighting equipment and smoking.


Damage to a home from a fire can be widespread and include water damage, smoke damage and structural damage. While homeowners insurance can help cover your home and belongings, it may not cover everything. For instance, if you haven’t updated your policy limits in a while, your current policy may not be enough to cover the current value of your home.

What Do You Need to Know?

Additionally, it’s important to understand the difference between actual cost value (ACV) and replacement cost value (RCV). ACV reimburses you for what your current items are worth after depreciation, while RCV is the cost to replace damaged property without a deduction for depreciation. Depending on your policy, you may only receive the actual cash value of your items.

Here are some other instances where fire damage may not be covered: 


  • Valuable items or collectibles
  • Arson or deliberate fires
  • Fires caused by war or nuclear radiation
  • Fires caused by unlawful activity like illegal drug manufacturing
  • Houses vacant for 30+ days
  • Electrical wiring that doesn’t adhere to local building codes

How Quickly Does Insurance Pay a Claim in Nevada? 


In Nevada, homeowners insurance will make a payment within 30 days of accepting a claim. In the meantime, you’ll need to find the appropriate contractors to handle the repair work. It’s also very likely that you’ll have to find another place to stay, as even mild fires create soot and smoke damage that can seep into the surfaces of your house.


Keep in mind that when you do receive a payment, it may not cover everything, and you will still be responsible for paying your deductible. And, if you need to move out of the home for a period of time, your insurance will only reimburse you for the necessary expenses associated with living somewhere else. Depending on your lifestyle, this may not be enough to cover your living expenses.

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We Buy Houses in Las Vegas

Can I Sell a House with Fire Damage? 


Not everyone cares to repair their homes after a house fire. They just want to sell the house and move onto the next chapter of their life. Maybe the house is now associated with the trauma of a fire, or maybe the homeowners don’t want to uproot their lives for many months and deal with insurance, contractors, etc.


If your house was recently involved in a fire and you don’t want to go through the hassle of repairing it, you can sell it for cash. We Buy Any Vegas House purchases homes that have been affected by fire damage, water damage or mold issues. We buy them outright from the homeowner, fix them up and sell them or rent them out at a later date. Since we have the resources to repair these properties, we can get the job done quickly, efficiently and for a lower cost.

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Sell Your Fire-Damaged House in Las Vegas Today 


Not everyone wants to go through the hassle of living in a hotel while their home is repaired after a fire. And not everyone has the money on hand to cover the additional expenses not covered by insurance. If you are in this same position, request a free cash offer from We Buy Any Vegas House. We’ll buy your property for cash and fix it up while you focus on starting the next chapter of your life if you need to sell your house fast in Las Vegas.

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Cash Home Buyers in Las Vegas NV

Categories: Selling a Home

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