home insurance by residents, for residents.

How much is Home Insurance in NJ?

There are a wide variety of elements that are considered when an insurance company is determining your rate for Home Insurance, here are some examples:

Replacement Cost of Your Home:

The cost to completely rebuild your home in the event of a total loss is a major factor in determining your insurance rate. The purchase price of the home and the replacement cost are often not the same, as the insurance company takes into account the additional expenses that may arise from a total loss, such as: debris removal, construction price fluctuation etc. Before a home can be insured, the address is typically ran through a value calculator, also known as an MSB Report, which can accurately depict the costs of a complete and total rebuild.

Bones Of The Home:

What type of materials is your home made out of? Houses built out of heavy, more durable materials like: brick, stone, stucco, often have lower home insurance rates than houses made out of softer, more flammable materials like wood. 

Age Of The Home:

As a home grows older in age, the materials used to build the home begin to degrade, which may cause issues to the house in the future. If the home contains older-style architectural features, they may be more costly to replace. Because of this, newer homes tend to be rated for better premiums.

Area Of The Home:

The location of your home is a big factor in determining your Home Owner's Insurance rates. This is because there are different risks associated in different environments. A neighborhood with a higher crime rate will more than likely have higher home insurance rates than that of a more secure neighborhood in which less crime occurs. Another example would be accessibility of a fire station. A home with more readily-available fire station accessibility has a better probability of being rated better than a home that has little-to-no fire assistance in the area.


Although we consider them part of the family, some New Jersey Home Insurance Companies will not insure homes, or surcharge, for specific breeds of dogs.

Coverage Amounts:

It's important to have enough coverage, however the more coverage you require, the higher the premium will be. It's a good idea to have a consultant run an assessment on your policy every year to make sure you aren't over-insuring yourself.


History tends to repeat itself. If you've had claims in recent years on your home, there's a possibility they could arise again. Because of this, insurance companies will sometimes surcharge for claims made in recent years with your home insurance policy.

Coverage Glossary:

  1. Dwelling: This covers the actual structure of the house itself.

  2. Other Structures: This covers structures that are not permanently attached to the house. Examples: Sheds, Detached Garages, etc.

  3. Personal Property: This covers the contents within the home, such as: furniture, clothes, appliances, etc. (Some articles, such as money, jewelry, and firearms, do not apply to this coverage and need to be listed separately on the policy.) 

  4. Loss of Use: In the event of a covered loss that causes your dwelling to become uninhabitable, the cost of your living expenses is covered.

  5. Personal Liability: This covers all bodily injury and property damage sustained by others that you or other members of your household are legally responsible for.

  6. Medical Payments: This covers costs associated with injuries to guests, in the event they are injured at your home.

New apartment?

Renters policies are used by tenants in order to protect their personal belongings, as well as protect them from any potential liability claims.