Does Home Insurance Cover Fire Damage in New Jersey?

When you own a property, there's a lot of responsibility involved with caring for your structure. It's the place where a house is made a home, and it should be protected at all costs. Fortunately, New Jersey homeowners insurance will have coverage for many losses, including a fire.

A New Jersey independent insurance agent can help you find a policy through their highly rated carriers that are affordable. They'll do the comparing for free, making it a no-brainer. Connect with a local expert for trusted options on home insurance.

What Is Home Insurance?

Homeowners insurance will have several coverage options that can protect your property from fire losses and more. Take a look at how home insurance can help:

• Homeowners insurance: This type of property insurance covers your home for losses due to severe weather, fires, theft, vandalism, bodily injury, and property damage. 

Number of house fires caused by burning Christmas trees in the US

Any number of incidents can create a house fire. When you're proactive, you can help prevent some losses, but sometimes it's unavoidable.

What Does Homeowners Insurance Cover in New Jersey

There are standard coverages that are included in the majority of homeowners policies. The following limits are used in most New Jersey home insurance:

• Dwelling limit: Pays for the replacement or repair of your home itself when a covered claim occurs.
• Personal property: Pays for the replacement or repair of your personal belongings.
• Personal liability: Pays for bodily injury, property damage, or slander claims against a household member.
• Additional living expenses: Pays for your temporary stay at another property when a claim renders your home unlivable. 
• Medical payments: Pays for the first $1,000 - $10,000 of a medical expense when a third party gets injured on your property.

Catastrophes That Occur in New Jersey

In New Jersey, 1,078,146,000 homeowners claims were paid in one year alone. Natural disasters that occur most often should be insured under your home policy. Check out which catastrophes happen the most in New Jersey:

• Severe storms and lightning
• Hurricanes and tropical storms
• Flooding and water damage
• Heavy snow
• Burglary and other property crimes

Global insured losses caused by major fires and explosions

Fire losses can happen in the blink of an eye. The damage they cause can be a financial disaster if you're not properly insured.

Is All My Property Protected from a Fire in New Jersey?

In New Jersey, home insurance will have coverage for personal property up to the preselected limit. Check out what your insurance will cover when a fire loss occurs:

• Electrical and plumbing systems
• Foundational elements
• The structure itself
• Detached garages
• Well water tanks and pumps  
• Personal belongings

Does Homeowners Insurance Cover Fire Damage in New Jersey?

Fire damage is an included loss under most homeowners policies in New Jersey. How it's covered is a different story and should be reviewed with a trained adviser. Check out the ways your home could be replaced or repaired in the event of a fire loss:

• Replacement cost: Pays to replace your roof to its like kind and quality when a claim occurs, including storm damage.
• Actual cash value: Pays to replace or repair your property to the current market value. This typically only applies to roofs, but can apply to the actual home itself if old enough.

How a New Jersey Independent Insurance Agent Can Help

Your homeowners policy is vital in replacing and repairing your property and belongings after a fire loss. There are numerous limits in your home insurance that can be adjusted to meet your needs. It can be a challenge to know exactly what's necessary for your assets, which is where a licensed professional can help. 

Fortunately, a New Jersey independent insurance agent has your best interests in mind when shopping for your coverage for free. They'll compare your policy through dozens of markets so that you get the best rates around. Connect with a local expert on trustedchoice.com for custom quotes in minutes.