Gap Insurance

Gap Insurance

This optional coverage, referred to as the Auto Loan/Lease coverage endorsement, is available to NJM auto policyholders who live in New Jersey. This endorsement will pay for some or all of the difference between the balance of a loan or lease on a vehicle and what NJM pays if the car is considered a covered total loss. It does not pay for deductibles, carry-over balances from prior loans or leases, missed payments, or late fees. This protection is available within 30 days of the car being added to your policy.

Know Your Policy

We all know that car insurance helps provide reimbursement for vehicle repairs in the event you're involved in a covered accident. Did you know that NJM policies in New Jersey also include:

Limited Pet Coverage
If your dog or cat is injured in an auto accident covered by our policy, we'll pay up to $1,000 toward your pet's treatment costs.

New Car Replacement
If you experience a total loss within 12 months of the purchase of a new vehicle, and that vehicle has fewer than 15,000 miles when you submit your claim, NJM will pay the replacement cost value (less deductible), with no adjustments for depreciation.

Customize Your Policy with Endorsements

Transportation Expense
If your vehicle is involved in a covered loss and carries physical damage coverage, your policy provides rental reimbursement of $30 per day, up to $1,200 max. You have the option to purchase increased limits of $50 per day/$2,000 max, or $75 per day/$3,000 max, or $100 per day/$4,000 max.

NJM Roadside Assistance
There are two options available — $75 or $125 per covered emergency — and no deductible applies to this coverage. Learn more about this endorsement.