New Jersey Administrative Code › Title 11 - INSURANCE › Chapter 2 - INSURANCE GROUP › Subchapter 41 - HOMEOWNERS INSURANCE CONSUMER INFORMATION BROCHURE; SUMMARY OF NOTABLE COVERAGES AND EXCLUSIONS › Appendix - Appendix › Exhibit A - Homeowners Insurance

Current through Register Vol. 56, No. 14, July 15, 2024
THIS SUMMARY HIGHLIGHTS THE NOTABLE COVERAGES AND EXCLUSIONS ASSOCIATED WITH YOUR HOMEOWNERS INSURANCE POLICY AND IS ONLY PROVIDED AS GUIDANCE IN HELPING YOU UNDERSTAND YOUR POLICY. THIS SUMMARY DOES NOT ALTER YOUR COVERAGE IN ANY WAY. YOUR INSURANCE POLICY IS A CONTRACT THAT GOVERNS YOUR LEGAL RIGHTS. PLEASE CONTACT IF YOU HAVE ANY QUESTIONS.
REFER TO YOUR DECLARATIONS PAGE FOR INFORMATION ON DEDUCTIBLES AND THE SPECIFIC LIMITS OF YOUR POLICY FOR EACH OF THE INCLUDED COVERAGES. REFER TO THE APPLICABLE POLICY PROVISIONS FOR OTHER INFORMATION SPECIFIC TO THESE COVERAGES, AND ON ANY ADDED COVERAGES OR EXCLUSIONS IN YOUR POLICY. FOR ADDITIONAL GUIDANCE AND INFORMATION, SEE THE "INSURING YOUR HOME" GUIDE ON THE N.J. DEPT. OF BANKING AND INSURANCE WEBSITE AT
http://www.state.nj.us/dobi/division_consumers/pdf/insuringyourhome.pdf
Most homeowners policies in New Jersey include the following common coverages:
-- Dwelling (Coverage A) pays if your house is damaged or destroyed by a covered loss.
-- Other structures (Coverage B) pays if structures not attached to your house, such as detached garages, storage sheds, and fences are damaged or destroyed by a covered loss.
-- Personal property (Coverage C) pays if the items in your house (such as furniture, clothing, and appliances) are damaged, stolen, or destroyed by a covered loss.
-- Loss of use (Coverage D) pays your additional living expenses (costs over the normal amount for housing, food, and other essential expenses) if you must temporarily move because damage to your house from a covered loss renders it uninhabitable.
-- Personal liability (Coverage E) pays to defend you in court against certain lawsuits and provides coverage if you are found legally responsible for someone else's injury or property damage.
-- Medical payments to others (Coverage F) pays the medical bills of people hurt on your property. It might also pay for some injuries that happen away from your home, such as your dog biting someone at the park.
Policy Features
-- Companies may exclude coverage for certain losses. Even the most comprehensive policy will exclude certain types of damage.
-- All policies include an all-peril deductible. The deductible is the portion for which you are responsible on a covered property loss.
-- Some policies may include a separate, optional wind/hail deductible, and/or a mandatory or optional hurricane deductible.
-- Companies may offer optional coverages that include oil tank liability, coverage for water back up and sump pump overflow, ordinance or law coverage, earthquake and scheduled personal property such as jewelry, fine arts, furs or silverware.
Your Policy Covers Losses Caused by
Your Policy Does Not Cover Losses Caused by
Fire and lightning
Flooding including tidal surge (Note: Flood insurance may be
available through the National Flood Insurance Program (
www.floodsmart.gov
))
Sudden and accidental damage by smoke
Earthquakes, earth movement, landslides, mudslides & sinkholes
Explosion
Termites, insects, rats, mice, birds or other vermin
Theft
Freezing pipes (unless water was shut off or building was heated)
Vandalism and malicious mischief
Losses if your house is vacant for the number of days specified by your policy
Aircraft and vehicles
Wear and tear, rotting, maintenance and pollution
Windstorm or hail
Wind or hail damage to trees and shrubs
Sudden and accidental water damage
Mold, unless it is as a result of a covered loss (for example, mold damage due to flood would not be covered)
Weight of ice, snow or sleet
Water damage resulting from continuous and repeated seepage
Riot and civil commotion
Liability which results from the ownership or use of an automobile and other types of motorized land vehicles, aircraft or certain watercraft
Intentional acts caused by you or a
resident of your home
War or Nuclear Hazard