The Nevada Division of Insurance is warning about a national insurance scam targeting consumers shopping for privately funded loans, usually for real estate. The perpetrators allegedly contact consumers who have inquired online about securing a loan, using the name Val Taylor Investments (this person is also a victim). They tell the consumer they can arrange the loan, but the borrower must buy a “Loan Payment Protection Insurance” policy that will pay the loan to avoid default, in the event the borrower is unable to make payments. The scammers provide a certificate of insurance that appears to be issued by the California Department of Insurance, and bears the name of the borrower. The certificate is fraudulent. There have not been any reported cases of this type of fraud in Nevada yet, but there have been reported victims in at least three states including California.