New Jersey Renters Insurance

Why do I need renters insurance?

It's not required by law in New Jersey, but your landlord's insurance will only cover building damage — not your stuff. And whether you're renting a new apartment in Newark or a home in Glassboro, we know you've got some stuff. Finding the money to replace a brand new Giants jersey or the Macbook that got you through your four years at Rutgers after a catastrophic event can be tough. That's where NJM comes in, with a competitively priced renters insurance policy that caters to your needs.

How much is renters insurance in New Jersey?

From Morristown to Cherry Hill and all of the cities and towns in between, the Garden State is home to thousands of renters, many of whom probably think that renters insurance is unnecessary or too expensive. The average annual cost for an NJM Renters policy in New Jersey is $165. That's an average of $14 a month* and can be the difference between having to empty your savings to purchase a new computer if there's a leak in your apartment, or keeping that money for the trip to LA you've been saving for. Plus, if you're already an NJM policyholder, you can bundle your auto policy with a renters policy to qualify for discounts. We'll also give you a discount if you have a smoke detector or sprinkler system installed in your rental.

What does renters insurance cover?

Policies in New Jersey typically include coverage for personal property, personal liability, and medical payments to others. This means that you're covered for a fire, a break-in, or a washing machine mishap. Your NJM policy will also cover living expenses beyond your normal costs if you have to relocate temporarily because of damage to your apartment, as well as an injury to a friend who is visiting your apartment. For additional information, the New Jersey Department of Banking and Insurance has a guide to help you understand the most important aspects of renters insurance in the Garden State.

Looking for even more coverage? Things that may be expensive to replace, such as jewelry or computer equipment, as well as costs related to credit card fraud and identity theft, can be covered through endorsements.

Why NJM?

There's more to insurance than coverages and deductibles. This is a service industry. For more than 100 years, NJM has been synonymous with its customer service. It's personal and real. We're available to answer your questions so don't hesitate to contact us. You may know NJM for providing homeowners insurance for decades. Now it's your turn to join the family and savor the peace of mind that comes with an NJM Renters policy.

*Monthly premium is an estimate, and assumes a $750 deductible along with the following coverage limits: $25,000 in Personal Property; $7,500 in Loss of Use; $300,000 in Liability; and $3,000 in Medical Payments to Others.