Home insurance costs are typically calculated using information on the home’s age, size, construction type, replacement cost, and location. For example, being along the coast brings convenience for family vacations to the beach, but it also brings the threat of damage during hurricane season. With a third of all homes in the state lining the Jersey Shore, we know it’s important to give you peace of mind. We’ll work with you to create a policy that meets your coverage needs.
If you already have an NJM Auto policy, adding homeowners insurance is easy and helps you save. ‡
Safe Home DiscountA security system does more than just offer another layer of protection for your home. We’ll give you a discount for taking additional steps to protect your family.
New Jersey policyholders are eligible to receive dividends. ∥ Returning dividends to our policyholders is one example of our commitment to providing reliable, cost-effective, and safety-focused insurance.
Walk through your home and start adding up the cost of everything inside of it. Your dining room set, your television, your wardrobe… If your home were to experience some kind of damage, such as a fire or a burglary, would you be able to afford to replace all those items? Although it is not required by law in the state of New Jersey, we think if you have a home, you would benefit from homeowners insurance. Your home is unique, and your policy should be, too. We use our extensive experience and knowledge of New Jersey to craft a customized policy for your house and lifestyle.
After a covered loss, a basic homeowners insurance policy covers your home (the dwelling where you reside), other structures on the property, personal property, loss of use of your home due to damage, personal liability, and medical payments to others.
Experience a fire?We've got your back if you need to repair or replace your personal belongings.
Friend injured while visiting your home?We'll pay the medical expenses incurred up to your applicable policy limit.
Need a place to stay?If damage from a covered loss requires you to vacate your home until it's repaired, we'll pay for the additional living expenses you incur for temporary housing.
Accidentally damage a neighbor's property?We'll pay for covered damages that you're responsible for, up to your coverage limits.
Insurance is sometimes complicated, but no worries. Here are answers to some questions we commonly receive:
What Is The Difference Between HO-3 and HO-5?Both HO-3 and HO-5 are types of homeowners insurance policies that cover damage to your dwelling and other structures from all but excluded causes of loss. The main difference is what kinds of damage each policy covers for personal property. Learn More
What Is the Difference Between Home and Dwelling Insurance?Homeowners insurance addresses the coverage needs of homeowners who live in the insured property, which is in good repair and valued above the minimum coverage limit available. Dwelling insurance addresses the coverage needs of landlords who don’t live on the insured property. Learn More
What Is Guaranteed Replacement Cost?Guaranteed Replacement Cost covers the cost to repair or replace your home after a covered loss, even if the cost exceeds your policy limit. Learn More
Understanding Actual Cash Value and Replacement CostActual Cash Value is the cost to repair or replace property at the time of loss with like kind and quality, less depreciation. Depreciation means the decrease in value as property deteriorates and becomes obsolete over time. Learn More
What Is Personal Property Coverage?Personal property insurance covers items you own or use while they’re in your home or anywhere in the world. Learn More
What Does Homeowners Insurance Cover?A homeowners insurance policy covers your dwelling, external structures on your property, your personal property, and your personal liability. Learn More
What Does Homeowners Insurance Not Cover?Homeowners insurance policies contain exclusions that specifically state the types of risk not covered. Even the most comprehensive policy will exclude certain types of damage. Learn More
Does Homeowners Insurance Cover a Rental Property?Dwelling insurance — not homeowners insurance — will help protect your rental property and cover physical damage to it. Learn More
Is Homeowners Insurance Required?Homeowners insurance is not required by law. Without homeowners insurance, you bear the fiscal responsibility for repairs or structure replacement if your home incurs severe damage or a catastrophic loss covered by a policy, such as a total loss by fire or hurricane. Learn more
Does Homeowners Insurance Cover Fire Damage?A homeowners insurance policy typically covers fire damage to your home, personal property, and other structures on your property. Learn More
You may need additional coverage to fit your needs. Endorsements allow you to add coverage for valuable items like jewelry and family heirlooms, as well as coverage for credit card fraud or identity theft. Personalize your coverage for your unique needs.
Scheduled Personal PropertyProvides broader protection for specific articles of jewelry, fur, and/or silverware.
Credit Card, Fund Transfer Card, Forgery, and Counterfeit Money CoverageIncreases maximum homeowners coverage if loss is due to credit card fraud, forged check, or counterfeit money.
Identity Fraud Expense CoverageCovers expenses incurred as a result of identity fraud. †
Personal Property Increased Special Limits of LiabilityIncreases coverage on certain categories of personal property that are subject to special limits.
Learn more about your customization options by calling us at 1-800-232-6600.
‡ This discount does not apply on Basic Personal Auto policies.
║ With respect to dividend advertisements, NJM shares positive financial results with its policyholders in the form of dividends. For this reason, the payment of a dividend is not guaranteed. Dividends are not paid on all policy forms or in every state in which NJM operates.
† $500 deductible applies. Lost income reimbursement limited to $200 per day up to $5,000 max. HO-5 policies automatically include Identity Fraud Expense Coverage.
The information contained on this page should not be construed as legal, financial or insurance advice. The coverage afforded for a particular loss depends on the specific facts and the terms, exclusions, and limits of the actual policy. Nothing on this site alters the terms or conditions of any policy; the policy controls coverage. Coverage options, limits, discounts, deductibles, and other features are subject to underwriting criteria, state availability, and effective dates. Coverage provided and underwritten by NJM Insurance Company and its subsidiaries, 301 Sullivan Way, W. Trenton, NJ 08628.
