Protection for your home and personal property
Your home is probably your most important asset. It not only houses you and your family but also contains many of your memories and possessions. NJM is well-suited to protect your home, as one of the largest homeowners insurance companies in New Jersey.
How Much Coverage Do I Need?
To help determine the appropriate amount of coverage, NJM provides policyholders with an up-to-date cost to rebuild their home.
Customers with both homeowners and car insurance with NJM receive a 15% discount on their homeowners insurance policy premiums.
Customize Your Policy
We offer many endorsements to ensure your New Jersey homeowners insurance policy serves your lifestyle and needs.
Conveniently Pay Your Bill
Go green with paperless billing and set up automatic payments from your checking, savings or credit card accounts.
New Jersey Homeowners Insurance Coverage Basics
Common Components of a New Jersey Homeowners Policy
Most New Jersey homeowners policies include:
- Coverage A: Dwelling – Pays for damages to your house by a covered loss.
- Coverage B: Other structures – Pays if structures not attached to your house are damaged or destroyed by a covered loss (condo policies excluded this coverage).
- Coverage C: Personal property – Pays for the items in your house damaged, destroyed or stolen by a covered loss.
- Coverage D: Loss of use – Pays your additional living expenses if you must temporarily move because damage to your house from a covered loss renders it uninhabitable.
- Coverage E: Personal liability – Pays to defend you in court against certain lawsuits and provides coverage if you are found legally responsible for someone else’s injury or property damage.
- Coverage F: Medical payments to others – Pays the medical bills of people hurt on your property. It might also pay for some injuries that happen away from your home, such as your dog biting someone.
Factors that Affect the Cost of your New Jersey Homeowners Policy
Some of the information considered when determining the cost of your insurance is:
- Type of construction – Masonry or noncombustible materials decrease the possibility of severe damage or total destruction in the event of a fire. A home with at least two thirds of its exterior wall area constructed of these materials may benefit from a lower premium.
- Where you live – The different loss experience of the cities and counties throughout the state affects the average cost of a homeowners policy.
- Coverages, limits and deductible – The more coverage, the higher the limits, and the lower the deductible, the more your insurance will cost.
Coverage for Flood Damage is Excluded from a New Jersey Homeowners Policy
Damage to your home and personal property resulting from a flood is not covered by your homeowners policy. This type of coverage is provided by a flood insurance policy. More information about flood insurance is available here.