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You can find a fee homeowner insurance quote in New Jersey right here from a top company for your condo, stick built home or mobile home! Although not among the Top 20 states with the highest average annual premiums, homeowner insurance coverage in New Jersey is still considered to be quite expensive, costing approximately $726.

The most important rule when buying homeowner insurance in New Jersey is to get a policy that has greater coverage than the most basic insurance plan. True, mortgage lenders require only a standard policy, but one should not be tempted to just get the basic coverage in order to save on premium payments. Remember, what the insurance policy is protecting is the homeowner’s greatest investment, namely his or her house.

A New Jersey’s homeowner insurance policy come in package policies, providing protection not only for the home but also for personal belongings.

The main types of coverage in the standard homeowner policy are:

· Structure Coverage: Protects the home as well as detached structures such as garages and sheds

· Personal Property Coverage: Covers replacement costs of personal belongings that are stolen, vandalized or destroyed. In New Jersey, it is recommended to have $5,000 plus $10,000 worth of coverage for family members above 15 years old and additional $5,000 per family member aged 15 and below. For example, a household composed of the father ($15,000), mother ($15,000), 16-year old son ($15,000) and 12-year old daughter ($5,000) would have at least $50,000 personal property coverage.

· Liability Coverage: Provides protection from lawsuits and claims resulting from bodily injury or property damage to other individuals. This also covers medical expenses when people are injured on the homeowner’s property.

· Living Expenses: Provides the necessary funds for the homeowner and his/her family to maintain a normal standard of living while their home is being repaired or rebuilt. This covers the expenses such as hotel room payments or apartment rentals, food and clothing.

The basic perils covered in the standard New Jersey homeowner insurance policy are fire, theft, vandalism, windstorm, snow and ice, and lightning strikes. Earthquake coverage could be added to the policy at extra cost. On the other hand, flood coverage is not included in the basic policy. So, it may be necessary to have it added to the basic plan, again, at extra cost or purchased as a separate policy from the National Flood Insurance Program.

It is important to mention that there are some enterprising New Jersey residents who prefer to conduct their businesses at home. Such businesses are not covered under the homeowner insurance policy. Instead, they should be covered by worker’s compensation insurance. One should inquire with the state’s insurance department for more information.

Because of the higher cost of homeowner insurance in New Jersey, one may choose to shoulder higher deductibles. Of course, deductibles should not exceed the amount of cash that a homeowner is able to get in a short period of time. Another important consideration about deductibles is that setting these too high may result in the policy holder’s shouldering most of the expenses from the claim instead of letting the insurance company carry the greater financial burden. Another way of getting lower premiums is by availing of discounts, such as getting several kinds of insurance policies from the same insurance providers (called an “umbrella insurance policy”) or by installing protective devices and security alarms in the home.

 

Find  homeowner insurance rates in each of these New Jersey cities or counties

Absecon – Allendale – Asbury Park – Ashland – Atlantic City – Audubon – Avenel – Barclay-Kingston – Barrington – Bayonne – Beachwood – Belleville – Bellmawr – Belmar – Bergenfield – Berkeley Heights – Berlin – Bernardsville – Bloomfield – Bloomingdale – Bogota – Boonton – Bound Brook – Bridgeton – Brigantine – Browns Mills – Budd Lake – Burlington – Butler – Caldwell – Camden – Carneys Point – Carteret – Cedar Grove – Chatham – Cherry Hill Mall – Clark – Clayton – Cliffside Park – Clifton – Closter – Collingswood – Colonia – Cranford – Cresskill – Crestwood Village – Dayton – Dover – Dumont – Dunellen – East Brunswick – East Orange – East Rutherford – Eatontown – Echelon – Edgewater – Edison – Elizabeth – Elmwood Park – Emerson – Englewood – Erlton-Ellisburg – Ewing – Fair Lawn – Fairfield – Fairview – Fanwood – Florence-Roebling – Florham Park – Fords – Fort Dix – Fort Lee – Franklin Lakes – Freehold – Garfield – Glassboro – Glen Ridge – Glen Rock – Gloucester City – Greentree – Guttenberg – Hackensack – Hackettstown – Haddon Heights – Haddonfield – Haledon – Hammonton – Harrison – Hasbrouck Heights – Hawthorne – Highland Park – Hillsdale – Hillside – Hoboken – Holiday City-Berkeley – Hopatcong – Irvington – Iselin – Jamesburg – Jersey City – Keansburg – Kearny – Kendall Park – Kenilworth – Keyport – Kinnelon – Lake Mohawk – Lakewood – Laurence Harbor – Leisure Village West-Pine Lake Park – Leonia – Lincoln Park – Lincroft – Linden – Lindenwold – Linwood – Little Falls – Little Ferry – Little Silver – Livingston – Lodi – Long Branch – Lyndhurst – Madison – Madison Park – Manasquan – Manville – Maplewood – Margate City – Marlton – Matawan – Maywood – McGuire AFB – Mercerville-Hamilton Square – Metuchen – Middlesex – Midland Park – Millburn – Milltown – Millville – Montclair – Montvale – Moorestown-Lenola – Morganville – Morristown – Mountainside – Mystic Island – New Brunswick – New Milford – New Providence – Newark – Newton – North Arlington – North Brunswick Township – North Caldwell – North Haledon – North Plainfield – Northfield – Nutley – Oakland – Ocean Acres – Ocean City – Old Bridge – Oradell – Orange – Palisades Park – Palmyra – Paramus – Park Ridge – Passaic – Paterson – Paulsboro – Pennsauken – Pennsville – Perth Amboy – Phillipsburg – Pine Hill – Pitman – Plainfield – Pleasantville – Point Pleasant – Pompton Lakes – Princeton – Princeton Meadows – Rahway – Ramblewood – Ramsey – Raritan – Red Bank – Ridgefield – Ridgefield Park – Ridgewood – Ringwood – River Edge – River Vale – Rockaway – Roselle – Roselle Park – Rumson – Runnemede – Rutherford – Saddle Brook – Sayreville – Scotch Plains – Secaucus – Somers Point – Somerset – Somerville – South Amboy – South Orange – South Plainfield – South River – Spotswood – Springdale – Springfield – Stratford – Strathmore – Succasunna-Kenvil – Summit – Teaneck – Tenafly – Tinton Falls – Toms River – Totowa – Trenton – Twin Rivers – Union – Union Beach – Union City – Upper Saddle River – Ventnor City – Verona – Villas – Vineland – Waldwick – Wallington – Wanaque – Washington – Washington Township – Wayne – West Caldwell – West Freehold – West Long Branch – West Milford – West New York – West Orange – West Paterson – Westfield – Westwood – Wharton – White Horse – White Meadow Lake – Williamstown – Wood-Ridge – Woodbridge – Woodbury – Wyckoff – Yardville-Groveville – Yorketown

Homeowner insurance in New Jersey provides coverage in the event of damage to your property from theft, fire, floods, and natural disasters as well as protects you from liability for injuries or damage caused to people on your property. The right homeowner insurance plan  can help you make the best choices about this important protection for you and your family. Get free quotes on home owner insurance in New Jersey above.

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