When you get a standard New Jersey homeowners insurance policy do you know exactly what is covered? First of all the main things that are covered are your home or your dwelling, any structures that are attached. If you have a garage that is free standing, a shed or even a fence that is not attached to your home you will need additional coverage for these structures.
Standard New Jersey homeowners insurance from https://newjersey-insurance.net/ also covers your possessions – everything that is inside of your home. Star with your furniture, your clothing, your computers, electronics, computers, and sound equipment. More valuable items such as fine jewelry, artwork, furs, firearms, and antiques may need additional coverage.
Weather conditions vary across the country so it is important to know what an experienced insurance agent would suggest when it comes to your New Jersey homeowners insurance. It is said that a regular insurance policy covers any kind of damage that is a result of weather conditions that come from above and work their way down. Coverage therefore would include rain and wind but not flooding and any water that is on the rise.
There are additional riders that you can add to your standard policy to make sure that you don’t get stuck if your sewer were to back up for instance. The cost to add this on to your policy would be minimal per year but it could pay for up to $20,000 in unexpected damages.
Flood insurance is another area that you might be required to have if you live in a flood zone. You would have to purchase this type of coverage from the National Flood Insurance Program. Your insurance agent should be able to help you purchase this coverage or even direct you to their website.
If you are not at a high risk it would be a minimal charge to add flood insurance on to your policy. You could probably get around $250,000 in coverage for your home and $100,000 for your belongings for just under $350 a year. The cost for this coverage in a higher risk area would be much higher.
If you get a good deal of snow as you would in New Jersey you don’t want to wait until that snow melts and makes its way into your basement before you try to find coverage. You should sign up before you need it just in case.
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