What is Homeowners Insurance?
A homeowner’s house is often the most valuable asset they own. Homeowners throughout New Jersey have tens and hundreds of thousands, sometimes millions, of dollars invested in their houses -- and they can ill afford to lose their investment. Homeowners insurance helps protect a homeowner’s financial investment in their house.
Homeowners insurance is designed to help protect policyholders’ homes, but that’s often not all they cover. Most home insurance policies are “package policies” that combine several coverages into one, convenient policy. A policy might include:
- Dwelling Coverage, which is for the primary home on a policyholder’s property
- Personal Property Coverage, which is for the personal possessions that a policyholder has
- Liability Coverage, which provides protection in case the policyholder is found at fault for a covered incident that caused damage or injury
