Homeowners Insurance in New Jersey
Home is where the heart is, so make sure yours is protected by obtaining a comprehensive homeowners insurance policy. Blue Lion Insurance Advisors has a mission of offering property owners throughout New Jersey a variety of insurance policies that provide the right coverage at the right price. Learn more about the homeowner insurance policies available through Blue Lion Insurance Advisors.
About Homeowners Insurance
If you are moving into your first home, you may not know all the basics about homeowners insurance, or if you even need it. There is no law in New Jersey that requires homeowners to have homeowners insurance, but those with a mortgage through a government lender are usually mandated to carry a policy.
Even if you don’t have a mortgage, it’s recommended that every homeowner get a policy that can help protect their biggest investment. What’s more, they’ll have financial protection in the event of damage to their home. Standard homeowner policies could cover damage caused by:
- Natural disasters like wildfires or tornadoes
- Severe weather like storms, lightning, high winds, and hail
- Fires, explosions, and smoke
- Theft and vandalism
However, typical homeowner insurance policies do not cover flood or earthquake damage, as these may require specialized policies.
What Does Homeowners Insurance Cover?
Home insurance policies can vary depending on the type of coverage you choose, but they typically cover damage to your home, property, and personal belongings, along with liability. Common types of coverage for homeowners insurance can include:
Dwelling Coverage
Dwelling coverage could pay for repairs or rebuilding to your home and any connected structures like the roof, garage, or chimney, if it was caused by a covered peril, like a storm, vandalism, or tornado.
Other Structures Coverage
Other structures coverage covers any detached areas of your home, such as separate garages, sheds, driveways, and fences.
Personal Property Coverage
Personal property coverage helps pay for your personal belongings, like clothing, furniture, and electronics. There is a coverage limit for personal property, typically between 50 and 70 percent of the total dwelling coverage.
Liability Coverage
Liability coverage helps pay for the damages if another person has been injured or their property has been damaged at your home. It helps pay for the medical fees incurred from the bodily injuries and can also cover legal fees and lawsuits if you’re sued.
Loss of Use Coverage
Loss of use coverage helps pay for living expenses and costs you will incur if you need to stay in another location like a hotel when repairs or renovations are being completed.
Blue Lion Insurance Advisors is an independent firm not associated with one insurance companyhis allows us to get our clients the Right Insurance Coverage, and the Right Price. Our experienced staff works with you to understand your needs and offer you customized insurance policies that will meet them.
Additional Helpful Policies
When developing your insurance portfolio, it’s important to be thorough so you’ll be prepared for all kinds of unexpected events, not just the ones covered by a standard homeowners insurance policy. Other helpful policies for protecting your investments could include:
- Flood insurance coverage
- Earthquake insurance coverage
- Homeowners insurance for second homes
- Umbrella insurance coverage
In addition to homeowners insurance, Blue Lion Insurance Advisors offers a variety of other personal insurance policies that you may want to consider adding to your portfolio.
Contact Us Today to Get Started
Homeowners looking for a comprehensive and cost-effective homeowners insurance policy should look no further than Blue Lion Insurance Advisors. Our company provides both personal and business insurance policies to property owners throughout our NJ service areas. Our staff has the expertise needed to meet all our clients’ insurance needs. Contact us today to get started on planning your complete insurance portfolio.