New Jersey Homeowners Insurance

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  • New Jersey Homeowners Insurance

The Garden State is home to hot summers and cold winters, each radiating its fair share of perils that could potentially damage a home. The last thing homeowners want is to have to pay for any repairs out of their own pockets. That’s why everyone who owns a house in the state can agree that New Jersey homeowners insurance is a worthwhile investment — no matter what professional sports team you’re a fan of or if you call it a hoagie or a sub.

From Jersey City to the outskirts of Philly and Monmouth County, New Jersey faces potentially damaging weather like hurricanes, hail, heavy rains and strong winds — which could each wreak havoc on your home.

Having the proper protection for the structure of your home and all your belongings is crucial — and Clovered’s multi-rater tool, which compares quotes from the best homeowners insurance companies in New Jersey, pairs you with a policy that suits your coverage needs and fits within your budget — in a few minutes.

What’s Covered With a New Jersey Homeowners Insurance Policy?

Homeowners insurance in New Jersey covers the structure of your house, your personal belongings and much more, including unexpected incidents that could occur on your property. While you get to choose the amount of coverage you enroll in, the following six coverages come standard in every homeowners insurance policy.

Coverage A: Dwelling

This covers the actual structure of your home and the components that make it, such as the roof, siding, windows, countertops and flooring. Since it protects the actual home itself, the amount of Coverage A on your policy should be the equivalent, or slightly more, than your home’s value.

Coverage B: Other Structures

Structures on your property that aren’t connected to your househouse fall under this coverage. It includes things like fences, sheds and even satellite dishes. Coverage for these structures is typically up to 10% of the policy’s dwelling maximum.

Coverage C: Personal Belongings

Coverage C is designed to protect the policyholder’s personal belongings that are kept within the home. For homeowners, this coverage can pay to replace things like furniture, electronics, clothes and even items kept on the property, like lawnmowers.

Coverage D: Loss of Use

Arguably the most underrated part of every homeowners insurance policy, loss of use helps to pay for things like equivalent housing and extra everyday expenses if the policyholder’s home is unable to live in after being damaged or destroyed.

Coverage E: Personal Liability

This coverage can provide financial protection for accidents that occur on the policyholder’s property, damage to other people’s property and dog bites. It can help pay for medical expenses, legal fees and property damage if the policyholder is deemed liable.

Coverage F: Medical Payments

Similar to personal liability, medical payments to others covers minor injuries that occur on the policyholder’s property — whether or not they’re found liable for the incident. Policies usually have between $1,000 and $5,000 worth of MedPay coverage.

Which Perils Are Covered by Homeowners Insurance in New Jersey?

From frozen pipes and heavy snows beating down on roofs in the winter to burglaries and house fires in the summer, a New Jersey homeowners insurance policy can protect your house and your belongings from a multitude of perils. Plus, it acts as some pretty significant peace of mind knowing your home is covered — even when you’re not at home to take care of it.

10 Named Perils Under HO-1:

  1. Vandalism
  2. Theft
  3. Damage caused by vehicles
  4. Damage caused by aircraft
  5. Rioting or civil disturbances
  6. Smoke damage
  7. Fire or lightning
  8. Windstorm or hail, such as a hurricane or tornado
  9. Explosions
  10. Volcanic eruptions

16 Named Perils Under HO-2:

  • (All 10 named perils under HO-1, plus the following)

  1. Frozen pipes
  2. Falling objects
  3. Damage caused by heating, air conditioning or plumbing
  4. Damage due to snow, ice or sleet
  5. Damage from water heater, including cracks, burns or tears
  6. Damage from electrical currents, such as downed powerlines

How Much Is Homeowners Insurance in New Jersey Cost?

The average cost of homeowners insurance in NJ is $1,150 per year, which is right at the national average. The price you pay depends on many factors, including the amount of coverage you need, the value of your home and your claims history.

But getting a New Jersey homeowners insurance quote with Clovered can help you get those yearly costs down. Since we work hand in hand with many of the best homeowners insurance companies in New Jersey, we can pair you with the perfect policy that meets your coverage needs in just a few minutes.

  • Average Cost of Homeowners Insurance in New Jersey: $1,150 per year

How to Get the Best Homeowners Insurance in New Jersey

From Ocean County to Monmouth County and Newark to Cape May, getting homeowners insurance in New Jersey is simple and straightforward with Clovered. Simply input your address, answer a few questions about your house and let us do all the hard work.

Within minutes of starting a quote, we’ll be able to pair you with a policy that meets your needs — with all the coverages that help you and no fluff in between.

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The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.