If you are buying a home in the New Jersey area there are some things you need to keep in mind when meeting with a home insurance agent. You will need to know how old your home is. What was the year that your home was built? You will also need to know what materials it is made of. You will need to let your insurance agent know what you paid for your new home. The insurance agency needs to know so that they can decide how much it will cost to repair or rebuild your home in case something were to happen to it.
You won’t have to worry about your home insurance policy becoming overwhelming. In June of 2015 homeowners will receive a one-page summary that will go over all of the details of the New Jersey home insurance policy in an easy to understand statement.
You will no longer have to wonder what a certain type of coverage is for and how much of this coverage you have for your own home. Two years ago Governor Christie made sure that this legislation was signed into law. These summaries are available for homeowners, renters, people who reside in condominiums, and those who live in mobile home parks.
Each summary goes over the coverage for your dwelling so you know how much your insurance from newjersey-insurance.net will pay to rebuild your home or how much you will receive if it is destroyed. Your insurance will also cover other structures that are attached to your home such as your garage. If there are structures that are not attached, such as a freestanding garage, a shed, or a fence, you will have to makes sure that those structures are covered separately.
When you are covering your personal belongings make sure that you list everything that is inside of your home. Start with your furniture and add your clothing, electronics, computers, sound equipment, cell phones, computers laptops, and any other items you have collected. Make sure you know where you purchased the items, how much you paid for them, and take a picture or video if you can to make it easier in case these items ever need to be replaced.
Loss of use coverage will pay for you to live somewhere while your home is being rebuilt or replaced. It will cover your hotel stay as long as your meals while you are being displaced.