Does Homeowners Insurance Cover Grease Fires in New Jersey?

Part of living the American dream is owning a slice of heaven where you do life. Your property will need protection from a lot of different exposures and elements. New Jersey homeowners insurance can help cover losses such as grease fires and more.

A New Jersey independent insurance agent has access to several markets, giving you options. They compare coverage and rates so that you're fully insured. Connect with a local expert to get started in minutes. 

What Is Home Insurance?

A homeowners policy is necessary to protect your personal finances and household members when you own a primary property. Check out how a typical home policy works in New Jersey:

• 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 deaths due to fire, flames, or smoke in the US

When you're dealing with a house fire due to grease or some other cause, it can be fatal. The most important thing to do is get a policy that takes care of the financial burden a fire loss will produce. 

What Does Homeowners Insurance Cover in New Jersey?

Your New Jersey homeowners policy will come with foundational coverages automatically. Take a look at standard home policy limits included with your 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.

The Most Common Threats to Your Home in New Jersey

In New Jersey, 1,078,146,000 homeowners claims were filed in one year alone. Catastrophes are lurking around every corner, and it's crucial for you to be covered from the get-go. Check out which natural disasters occur most often in New Jersey:

Global insured losses caused by major fires and explosions

Fires and explosion losses are high and can happen to anyone. It's best to understand how your home is protected if you're the victim of a fire. 

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

Homeowners insurance comes with coverage for a fire loss, including grease fires, automatically. Your New Jersey policy limits will cover up to the preselected amount on your home insurance. Check out what's covered 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 Grease Fire Damage in New Jersey?

If you have a grease fire in your home, your policy will step in, covering property damage. How much your property is covered for is a different story. Here are the ways your structure and belongings could be insured under your New Jersey homeowners policy:

• Replacement cost: Pays to replace your property 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

Where you and your loved ones spend most of your time should be protected accurately. Your home is a place of safety, and coverage matters to avoid a substantial financial loss. A licensed professional can help review your policy for free.

A New Jersey independent insurance agent will have your best interests in mind when shopping for coverage. They have a network of carriers so that you get options on policy and premiums. Connect with a local expert on trustedchoice.com for custom quotes in minutes.