New Jersey Homeowners Insurance Mercer County NJ Area

New Jersey Homeowners Insurance Information

Whether you own a house, condominium or townhouse, for most people their
home is their most important investment. AEI Insurance Brokerage, offers New
Jersey homeowners insurance policies that have flexibility to meet your
individual needs and above all, provide you with the security that comes only
from the knowledge that your home is safe.

Insurance for your home is one of the most popular and important forms of
personal insurance and the typical New Jersey Homeowners Insurance policy
has two main sections:

Section I - insurance coverage for your property

Section II - personal liability coverage (to cover you in case of lawsuits arising
from things that happen on your property)

Homeowners insurance is often required by lenders to obtain a mortgage and
nearly everyone, whether you own or lease property, should have the
protection of homeowners insurance.

Click on the link below to fill out a secure quote request form for a lower cost
New Jersey Homeowners Insurance policy that will provide excellent
insurance coverage at an affordable cost. Or you can speak with our New
Jersey Homeowners Insurance specialist at (866) 771-1313 to discuss the
policy features in more detail.

Click here to fill out a

New Jersey Homeowners

Insurance Policy

quote request form

Replacement Cost or Actual Cash Value Option
in New Jersey Homeowners Insurance Policy

Covered losses under a New Jersey homeowners insurance policy can be paid on
either a replacement cost basis or on an actual cash value basis. When "actual cash
value" is used, the policy owner is entitled to the depreciated value of the damaged
property. Therefore, the older the item is, the less money you may receive for it. If you
choose the "replacement cost" coverage, the New Jersey homeowners insurance
policy will reinburse the amount it costs to replace the property with something of a
similar type and quality at current prices.

We are your local New Jersey insurance agency, offering affordable New Jersey
Homeowners Insurance policy premiums in the following cities and counties of central
New Jersey: Trenton, Ewing, Slackwoods, Ewingville, Bakersville, Lawrenceville,
Mercerville, Hamilton Square, Yardville, White Horse, Groveville, Bordentown,
Washinton Crossing, Marshalls Corner, Princeton, East Windsor, South Brunswick,
Plainsboro, Linvale, Harbourton, Mount Airy, Blawenburg, Hopewell, Kingston, Rocky
Hill, New Sharon, Chesterfield, Hamilton, Georgetown, Allentown, Fieldsboro, Hedding,
Roebling, Columbus, Jacksonville, Chambers Corner, Wrightstown, Mount Holly,
Monmouth, North Brunswick, Deans, Stanton Station, Willingboro, Cherry Hill, Newark,
Montclair, Orange, Bloomfield, Jersey City, Kearny, Elizabeth, Paterson, Belleville,
Nutley, West Orange, Clifton, Passaic, Rutherford, Garfield, North Bergen, Livingston,
Caldwell, Mercer County, Middlesex County, Camden County, Hunterdon County,
Burlington County, Essex County, Passaic County, Hudson County, Bergen County,
Morris County, Monmouth County and Ocean County, NJ. We also offer affordable
New Jersey Homeowners Insurance policy coverages in the remainder of the Garden
State.

New Jersey Homeowners Insurance Policy

Personal Liability

All Risks or Named Perils

Coinsurance Penalty

Replacement Cost or Actual Cash Value

New Jersey Homeowners Insurance Policy

Replacement Cost or Actual Cash Value

All Risks or Named Perils

Coinsurance Penalty

Personal Liability

All Risks or Named Perils in New Jersey Homeowners Insurance Policy

An "All Risks" policy provides the broadest New Jersey homeowners insurance protection
because it will cover losses that are due to any peril except those specifically excluded in the
policy. A "Named Perils" policy covers losses that are due to only those perils listed in the
standard New Jersey Homeowners Insurance policy and typically include fire, hail, windstorm,
and other physical losses.

Personal Liability

All Risks or Named Perils

Coinsurance Penalty

Replacement Cost or Actual Cash Value

New Jersey Homeowners Insurance Policy

Coinsurance Penalty in New Jersey Homeowners Insurance Policy

If your policy limit is less than 80% of the replacement cost of your home, you will face a
"coinsurance penalty," which means you'll have out-of-pocket expenses to cover costs
beyond the policy deductible you chose. For example purposes we will assume your home's
estimated replacement value (RCV) is $100,000. The co-insurance clause requires you
carry at least $80,000 (80% of your RCV). If you chose to purchase only a $40,000 New
Jersey Homeowners Insurance policy you would be underinsured by half. Therefore, in the
example the insurance company would pay one-half of a loss less the policy deductible, so
if you suffered a $10,000 covered loss to your house, condominium or townhouse and had a
$500 deductible, your policy would only pay $4,500.

Personal Liability

All Risks or Named Perils

Coinsurance Penalty

Replacement Cost or Actual Cash Value

New Jersey Homeowners Insurance Policy

Personal Liability in a New Jersey Homeowners Insurance Policy

Personal liability in a New Jersey homeowners insurance policy is also an important part of
having security from accidents that may occur on your property. We suggest you choose
coverage limits that are not less than those on other liability insurance you own, such as car
insurance.

Personal Liability

All Risks or Named Perils

Coinsurance Penalty

Replacement Cost or Actual Cash Value

New Jersey Homeowners Insurance Policy

Click on the link below to fill out a secure quote request form for a cheaper New Jersey
Homeowners Insurance policy that will provide excellent insurance coverage at an
affordable cost. Or you can speak with our New Jersey Homeowners Insurance
specialist at (866) 771-1313 to discuss the features in more detail.