Lake-Ridge Shores
C/o Western Nevada Management, Inc, Reno, NV, 89509
Mixed signals — review carefully
County hazard exposure is the main driver — FEMA rates Washoe County Relatively High for natural hazards.
Based on 5 of 9 public-record signals · How the CondoScore works
The CondoScore is an automated summary of public-record signals. It is not a rating of building safety, not an appraisal, and not a lending or insurance decision.
The 3-second read
Signals from government records — tap any tile for the source.Public records on file: 5 of 9
56%Still blank: Stories, Year built, Management, Mapped location.
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How Lake-Ridge Shores compares
That makes it larger than 76% of the 547 Washoe County communities with a home count on record.
Know the risks before you buy
Natural-hazard profile — Washoe County
Overall county risk: Relatively High compared with other U.S. counties.
FEMA expects natural hazards to cost $274M per year across Washoe County as a whole (buildings, people, and agriculture combined).
County-level ratings from FEMA's National Risk Index (Dec 2025 data) — relative to other U.S. counties, not specific to this building.
Flood claim history — ZIP 89509
Federal flood insurance has paid $600K across 33 claims in this ZIP code since 1979. The worst year was 2017 ($304K paid).
ZIP-level history for the whole ZIP code, not this building. Source: OpenFEMA NFIP claims (redacted, public domain).
What those hazards mean for insurance
- Separate policyFlood. Not covered by standard condo or homeowners policies — flood damage needs a separate NFIP or private flood policy (for both the association and your unit). FEMA FloodSmart
- Separate policyEarthquake. Typically excluded from standard policies — earthquake coverage is a separate policy or endorsement with its own (often percentage) deductible. Colorado DOI buyer’s guide
- Typically excludedEarth movement. Landslide and other earth movement are typically excluded from home policies — and usually not covered by earthquake policies either. Specialty coverage only. Oregon DFR
- Special deductibleWind & hail. Usually covered, but many policies apply a separate wind/hail deductible — a flat amount or a percentage of the dwelling coverage. Virginia SCC guide
How policies typically treat these perils — not a coverage determination for this building. Check the association’s master policy and your own unit (HO-6) policy.
What condo owners pay — state average
- Nevada average: $488/yr for a condo unit-owner (HO-6) policy — 15% below the U.S. average of $572 (2022, the latest state-by-state study). NAIC
- Flood is separate: standard condo policies don’t cover flood — NFIP flood policies in Nevada average $937/yr across 8,923 policies in force (June 30, 2026). FEMA
Averages for the geography shown — not a quote for this building. Actual premiums vary by insured value, deductibles, construction, and insurer.
The insurance market in Nevada
- If the private market says no: Nevada has no state property insurer of last resort — hard-to-place buildings turn to surplus-lines insurers. Nevada Division of Insurance
State-level market facts verified against the linked official sources (July 2026) — not a quote or availability determination for this building. Consumer help: Nevada Division of Insurance.
Insurance market in Nevada
State-level market rules, not a quote for this building. They shape what cover the association can buy and what it costs. NAIC state filings
Get the free Lake-Ridge Shores report
Here's exactly what's inside:
- The CondoScore, plus the signal that drives it
- Every public record we hold on this building
- FEMA flood-claim history for this ZIP, and the county hazard rating
- Typical HO-6 insurance cost near here, and the Nevada market rules
- How its size compares with the county and state
- Where to request the official documents, with direct links
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What would living here cost per month?
Your scenario, your math. The HO-6 figure is a geography-level average from state/NAIC filings — not a quote for this building. Dues and special assessments come from the association's own documents — always request the budget, reserve study, and meeting minutes before you sign.
Rules that hit your wallet
- Aug 3, 2026 — Fannie Mae retires Limited Review: most condo loans need full project review — National Mortgage Professional
- Jan 4, 2027 — associations must budget at least 15% of assessments to reserves for agency-backed loans — Whiteford client alert
- Since Jul 1, 2026 — insurance deductibles above $50K can fail a building for financing — condo-approval.com
Why it matters in Nevada: buildings that miss these marks can lose access to normal 30-year mortgages — which shrinks the pool of buyers when you resell. Run the free 5-minute check.
What would a special assessment cost you here?
If Lake-Ridge Shores ever levied a special assessment — for a roof, structural repairs, or an insurance shortfall — here's the math per home, using the 191 homes on public record:
Your scenario, your math — assumes an even split. Actual allocations follow the association's declaration and may weight by unit size or share.
Is Lake-Ridge Shores mortgage-ready?
Answer 12 plain-English questions and see how this building lines up with Fannie Mae's published standards. Free, no account.
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