Protecting your home, family and assets in Hazlet, NJ.

Why Do You Need Homeowners Insurance?

If there is a sudden tragedy (fire, hurricane, snow), homeowners insurance pays for losses and damage to your property in those instances.  Homeowners insurance is required by most mortgage lenders and it can be included in your mortgage payment.  When you buy a home, you most likely don’t expect a burglary, fire or flooding.  The damage from these events can often be overwhelming and expensive.  However, homeowners insurance does not cover floods, earthquakes or routine wear and tear. You can, however, buy separate policies for flood and earthquake damage.

If you are forced out of your home because of a disaster, your additional living expenses will be covered.

Additional living expense coverage pays for excess cost of living fees you incur from being displaced from your home. This can include additional costs related to transportation, temporary housing, pet boarding, storage unit rental, laundry and food.

Homeowners insurance also covers your responsibility to other people injured at your home or elsewhere by you, a family member or your pet and pays legal defense costs if you are taken to court.

Decide How Much Insurance You Need.

Add up the cost of everything you would want to replace if it were damaged or stolen. This could also serve as the basis for an inventory that will make filing a claim easier. For an inventory, also record model numbers, dates and places of purchase. Take photographs or make a video of these items and place a copy of the inventory in safe place away form your home.

If you rent an apartment or house you need insurance to protect your belongings. While your landlord might have insurance, it only protects the building. Your belongings are not covered under those policies.