33% Of New Jersey Households Rent Their Homes
From Atlantic City renters insurance to Jersey City renters insurance and Camden to Newark Renters Insurance from Effective Coverage is the best way to protect yourself as a tenant. You may be wondering why you need New Jersey renters insurance, or what New Jersey renters insurance covers. Effective Coverage, The New Jersey Renters Insurance Experts, has the answers! As a company, Effective Coverage has one focus: to help renters protect the things and people that matter to them most!
Official New Jersey Renters Insurance Guide
How much do you know about New Jersey renters insurance? Probably not enough! Learn more from the NJ renters insurance experts…
Effective Coverage Was Founded In New Jersey!
Many years ago, after founder Eric Narcisco suffered a New Jersey apartment fire resulting in a total loss of everything he had at the time, an idea was born. He realized that there was no company focused on protecting renters with renters insurance in New Jersey, and that the need existed. From that loss, to the germination of the idea, to building a New Jersey insurance agency dedicated to renters, that laser-like focus has been retained.
Why Do I Need New Jersey Renters Insurance?
- Your apartment may require renters insurance in New Jersey.
- It’s expensive to replace everything you own, and not possible out of pocket for most people
- One in four Americans will suffer a home fire or apartment fire in their lifetime
- We live in a litigious society that places value on suing for any reason or no reason, just to make a fast buck. New Jersey renters insurance liability coverage protects you from that risk
Who Is Effective Coverage, Anyway?
Effective Coverage, The New Jersey renters insurance experts, is built on a foundation of protecting tenants. There is no other company out there focused solely on the needs of renters. You’ll never see a television commercial with a cold-blooded lizard speaking for Effective Coverage. You’ll never see us sponsoring the Effective Coverage Blimp, or the Effective Coverage Stadium. That’s because we believe in putting your New Jersey renters insurance premium dollars where they matter: Straight into the best coverage you can get. With proprietary underwriting algorithms and years of experience understanding what tenants need in a NJ renters insurance policy, Effective Coverage is able to sell you the coverage you need at a price you can afford, and to make sure you understand exactly what it is you’re buying when you quote renters insurance in New Jersey.
What Does New Jersey Renters Insurance Cover?
New Jersey renters insurance covers liability, personal property, loss of use, and medical payments to others. On a practical level, the standard NJ tenant policy is a homeowners policy minus the structure coverage. You’re not responsible for insuring the building as a whole if you rent, obviously.
Personal Property Coverage On NJ Renters Insurance
New Jersey renters insurance personal property coverage is what protects the things you own against perils named in the policy. While there are quite a few of them, the most commonly experienced perils covered by renters insurance in NJ are fire, smoke, water, and theft. Generally there is a small deductible on New Jersey renters insurance, and from that deductible on, your personal property is covered at replacement cost rather than actual cash value, up to the limits of the policy you’ve selected. That’s an important consideration, because some actual cash value renters insurance in New Jersey will only pay you what the property is “worth” based on depreciation. After a significant loss, you need to purchase replacement property, and you can’t do that with actual cash value. That’s why Effective Coverage New Jersey renters insurance comes with replacement cost contents coverage, to make sure you’re fully protected.
Liability Coverage On Renters Insurance In New Jersey
New Jersey renters insurance liability coverage protects you financially if you cause bodily injury or property damage to someone else. If you negligently allow an apartment fire to be caused, you would owe tens of thousands of dollars to rebuild the unit, as well as many thousands of dollars more to other people who were harmed by the fire or smoke. That could be in the form of personal property, or just as likely, medical bills or a wrongful death lawsuit against you! Renters insurance in New Jersey protects you by taking care of those costs, up to the policy limits. You can buy renters insurance in New Jersey with up to $500,000 of liability coverage, and you can even add a New Jersey renters’ umbrella policy on top of that for another million of liability coverage as well!
Loss Of Use Coverage On Renters Insurance In New Jersey
NJ renters insurance loss of use coverage protects you if, as a result of a covered loss, you incur additional living expenses. If there’s a fire (covered peril) and you have to stay in a hotel for a few days while they find you another apartment in the property, New Jersey renters insurance can cover those additional living expenses for you. That also includes additional meal expenses because you can’t cook at home, and similar losses. Nobody ever stood outside their burning apartment counting the cool million dollars in cash they happen to have in their pocket at 3 AM. It will happen at the worst possible time, with all your credit cards and cash inside the burning apartment. New Jersey renters insurance is designed to make sure you’re taken care of in that intervening period when you don’t have the usual access to additional living expense costs.
Medical Payments To Others Coverage On New Jersey Renters Insurance
New Jersey renters insurance liability pays for bodily injury to others that you’re responsible for, it’s true, but sometimes there are situations where there’s just no need to go through the liability claim process, but you’re expected to respond financially to someone’s injuries. Maybe your child has a friend over and the friend falls off the swing – not a crisis, but the doctor visit falls on you because it happened at your apartment. Maybe a friend is over for dinner and helping you in the kitchen and manages to cut himself. Medical payments to others on New Jersey renters insurance is the coverage that responds to small injuries which you might not be at fault for and can be dealt with more expediency than a full-blown liability claim.
Why Does My Landlord Require Renters Insurance In New Jersey?
Doesn’t he have his own insurance?
Of course the landlord has his own coverage. But it doesn’t cover your property. The landlord’s insurance also doesn’t cover your liability. Those things belong to you and are your responsibility to cover with New Jersey renters insurance. If there is negligent damage to the apartment that you’re responsible for, you certainly don’t want the bill following you around forever. That’s what New Jersey renters insurance liability is for.
Fast New Jersey Renters Insurance Quotes
Effective Coverage works to bring you fast, easy NJ renters insurance quotes. Because we’re the premier provider of New Jersey renters insurance quotes online, we’re able to handle your needs quickly and efficiently, while getting you the best possible coverage for the right price. Call a friendly Effective Coverage representative today at (800)892-4308 for a NJ renters insurance quote over the phone, or click above. Either way, it takes just minutes, and proof of renters insurance is sent instantly!