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FAQs

Our sump pump failed and the insurance company is denying our claim because the water backed up through our sewers. Can they do this?

“Most insurance policies exclude water damage from water that backs up through sewers or drains. You may wish to contact your agent and inquire about putting an endorsement on your policy, which would cover sewer back up.”

What property and perils are excluded from most homeowner policies?

“Most homeowner policies provide coverage that does not apply to animals, birds, fish, automobiles and business property; for loss or damage caused by flood, surface water, water which backs up through sewers or drains, earth movement, nuclear damage, war, etc. There are specific limits of coverage on property insured under the homeowner’s policy such as money, securities, water craft, theft of jewelry, silverware, and/or guns.”

What is the difference between property damage liability insurance and collision insurance?

“Property damage liability insurance covers the cost of damage you may cause to the property of others. Collision insurance covers damage to your own car caused by a crash, minus any deductible.”

Home Insurance

Homeowners in New Jersey can protect one of the largest investments they will likely ever make through home insurance. Home insurance, sometimes referred to as homeowners insurance, may offer protection on several levels. Knowing how and when coverage protects you is an important aspect of home insurance.

Liability coverage

Home insurance liability coverage is designed to protect you financially if someone should get injured while in your home or on your property. Liability insurance can be critical in numerous situations such as if a delivery person trips on a concrete path, a neighbor child gets injured on your swing set, or if a lawn care worker gets injured while working in your yard. It may also protect you in social situations like a card party with friends and neighbors at your home.

One often underappreciated aspect of home insurance in the coverage it may provide of your home’s contents. Think for a moment about how much it would cost to replace all of the possessions in your house. How much money do you have in electronics? What about your family’s shoes and clothing? Then there are your appliances, furniture, kitchenware, and so on.

Structures

This is the area of home insurance most people think about when purchasing homeowners insurance. Structures may include the actual house and potentially any separate outbuildings like a free standing garage or shed. This aspect of home insurance is important to keep an eye on as you make improvements to your property and your home’s value increases.

If you are unsure of your home insurance coverage, get a home insurance review. At Paladin Insurance Agency we are an independent agency qualified to review the policies of any issuing company. As an independent agency we can seek out quotes from multiple companies, finding the coverage and rates best for you. Visit our website for a convenient online quote for your homeowners insurance. Paladin Insurance Agency can make you feel better about your New Jersey home insurance.