Can You Add On to an Insurance Policy?
Common homeowners add-ons
- Scheduled Personal Property
It provides greater protection for certain high-value items, such jewelry, silverware, and furs. Items covered by this endorsement will be valued at replacement cost in the event of a loss, with no deductible. It requires an up-to-date appraisal for each item, photos, and a copy of the original receipts.
- Credit Card, Fund Transfer Card, Forgery, and Counterfeit Money Coverage
It increases your maximum NJM homeowners policy coverage of $500 if your credit card is used fraudulently or you experience a loss due to a forged check or counterfeit money (no deductible applies). Select an amount from available limits up to $50,000.
Learn about other homeowners endorsements.
Common auto add-ons
- Gap Insurance
It pays for some or all the difference between a loan or lease balance on a vehicle and what NJM pays if the car suffers a covered total loss. It does not pay for deductibles, carry-over balances from prior loans or leases, missed payments, or late fees.
- Transportation Expense
You can purchase a higher rental reimbursement limit. Increased limits are only available for insured vehicles with physical damage (comprehensive) coverage.
Learn about other auto endorsements.
How do I add on to my insurance policy?
Contact your insurance company to discuss what endorsements may be right for you.
Can I add on to my policy at any time?
You can typically make policy coverage changes at any time. However, there may be a waiting period before the additional coverage takes effect, and the changes will likely impact your rates. Changes made to the policy apply on a going forward basis and will not apply retroactively to a loss.