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Homeowners Insurance Frequently Asked Questions

Homeowners Insurance FAQs

New Applicant Questions

What information is needed to apply for NJM homeowners insurance?

To help expedite the application process, it would be helpful to have the following information available:

  • Current Policy Declarations Page
  • Desired coverage amount
  • Mortgage commitment papers

NJM representatives will gladly assist you in determining what other information is required to obtain coverage.

Is my child's personal property, such as computer equipment, covered while he or she is away at school?

Yes, your homeowners policy includes coverage for both liability and personal property while your child is away at school. For specific details, please contact us at 1-800-232-6600, ext. 4512.

What property coverage does an NJM Homeowners policy provide?

Homeowners insurance is made up of coverages that can help pay to fix or replace your home and personal items if they're damaged by a loss that your policy covers.

Coverage A: Dwelling provides coverage for your home itself (while it's being used as a private residence) and any structures attached to it. To completely protect your home, this coverage has to equal the amount it would cost to fully rebuild it, rather than the selling price. NJM will give you an estimate of how much it would cost to rebuild your home in the event of a total loss.

Coverage B: Other Structures provides coverage for things like a detached garage or storage shed on your property. Your policy automatically provides the below coverage — just let us know if you need more:

  • One- and two-family homes: up to 10% of what you insure your home for

  • Three- and four-family homes: up to 5% of what you insure your home for

Coverage C: Personal Property provides coverage for the stuff you own or use (like furniture, clothes, and kitchenware). Your policy automatically provides the below coverage — let us know if you want to change it:

  • One- and two-family homes: up to 60% of what you insure your home for

  • Three-family homes: up to 40% of what you insure your home for

  • Four-family homes: up to 35% of what you insure your home for

Which types of losses are covered by an NJM Homeowners policy?

An HO-3 policy provides coverage for your home for all causes of loss, unless the cause is specifically excluded. Your personal property is covered against specific causes of loss; refer to your policy for the complete list.

An HO-5 policy provides coverage for both your home and your personal property for all causes of loss, unless the cause is specifically excluded.

H0-3 H0-5
Personal Property Replacement Cost Loss Settlement
Water Back-Up Coverage
Limited Fungi, Wet or Dry Rot, or Bacteria Liability $100,000 included $100,000 included
Limited Fungi, Wet or Dry Rot, or Bacteria Damage to Your Property Base Limit: $25,000 - Higher limit is available Base Limit: $25,000 - Higher limit is available
All Risk Coverage on Contents (Exclusions apply) N/A
Refrigerated Property $500 limit per policy year $500 per loss
Guaranteed Replacement Cost Coverage (If property is insured to value)
Lock Replacement N/A
Debris Removal 5% additional coverage 10% additional coverage
Identity Fraud Expense Coverage May be purchased
Property Away from Premises - Increased Limit 10% 10% +$10,000 additional

Homeowners Insurance Buyer's Guide

For Homeowners policies effective 10/15/19 and later.

For Dwelling policies effective 10/15/19 and later.

For Homeowners or Dwelling policies effective 10/14/19 and earlier, view important documents like these when you log in to your policy.

The information and descriptions of coverage on this site are general in nature. 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.