New Jersey is one of the most recognized states in the United States. It has produced some of the greatest music stars the world has ever seen, including Bruce Springsteen, Whitney Houston, Zakk Wylde and many others; it is also the subject of many songs, most notably by Jon Bon Jovi. The state is also well-known in the media for Jersey Shore, among other things. Insurance New Jersey is needed if you wish to stay in the state, which is a great place to live in. This article will detail some of the insurances you need and their details.
First off is auto insurance New Jersey. As a resident of the state you have insurance consumer rights. Car insurance comes in two types in the state: standard and basic. Standard, as expected, is the most purchased policy that covers you from a large number of liabilities including property damage, bodily injury, uninsured motorist and more.
Health insurance New Jersey is another important one. The state offers Individual Health Coverage that provides people without access to employer-sponsored health-care programs to purchase health coverage for themselves and their families. It should be noted that, as a resident, your health insurance options do not depend on your health status. There are non-discrimination policies in effect enabling you to get health coverage whenever you want. Also, the state offers guaranteed renewability to ensure that your insurance cannot be cancelled when you are sick. There are also additional safeguards for those who are unemployed or those who come from modest or low-income groups.
The state's home insurance is not as extensive as its health insurance. There are two common types of homeowners' insurance New Jersey. They are HO-2 and HO-3. Both of them are broad policies, with the latter expanding with additional perils. Some of the covered perils include fire, windstorm, riots, falling objects, snow and ice damage, water leakage and more. It is a good idea to check with the agent if you are looking for more coverage.
Finally, life insurance New Jersey is offered on an individual or group basis. Group plans are usually offered by employers. State residents who are unemployed or not offered group plans through their employers can opt for the individual plan. There are two types of plans - term life and whole life. Term life is applicable only in 1, 5, 10 or 20-year blocks and will only come into effect if you die. Whole life, on the other hand, provides lifetime coverage and accumulates cash value over time.
There are many other types of insurance New Jersey. The state offers great coverage for many different types of needs. Contact your agent for more details on the coverage you need if you are a New Jersey resident.
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