Benefits of a New Jersey Renters Policy
If you rent an apartment or home and it’s damaged by fire or storm, the building is covered by insurance — but what about your personal property? NJM can provide you the protection you need, at an affordable price. We offer many endorsements to ensure your renters insurance policy serves your lifestyle and needs.
Protect Your Stuff
Your renters policy provides coverage for the property you own or use anywhere in the world.
Additional Living Expenses
Your policy also pays for additional expenses incurred to live elsewhere if your home becomes temporarily uninhabitable due to a covered loss.
Your policy pays for injuries or property damage to others for which you are legally liable, up to the policy limits.
New Jersey Renters Insurance Coverage Basics
Common Components of a New Jersey Renters Policy
- Coverage C: Personal property – Pays for the items in your apartment that are 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 apartment 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.
Coverage for Flood Damage is Excluded from a New Jersey Renters Policy
Damage to your home and personal property resulting from a flood is not covered by your renters policy.