If you are renting an apartment or house, you should look into purchasing renters insurance New Jersey. If an unforeseen accident or disaster strikes and you are not covered with insurance, you will not get any compensation to replace your belongings. Renters insurance does not cover the structure of the building you are living in, but it will cover your belongings inside your rented space.
There are a number of perils that are covered when it comes to your apartment. Fire damage, windstorm damage, smoke damage, theft, and vandalism are just some of the unforeseen accidents and disasters that can happen to you and your apartment. Renters insurance New Jersey can help cover the costs of your lost items. This is why it’s important to take inventory of your belongings and give it to your insurance agent. That way the agency will have a list of everything that is covered in your policy. Certain items may not be covered such as very expensive jewelry and for that you will need to purchase a separate policy.
If your apartment is destroyed in a fire or some other disaster and is unlivable, renters insurance may pay for you to live somewhere else for a certain amount of time. This is covered under “additional living expenses.”
There are ways to bring down the cost of your renters insurance New Jersey. Talk to your agent about discounts or ways to get lower premiums.