Home Insurance in New Jersey

Your home is possibly your most valued asset. Do you have the right insurance plan to protect your finances against the unexpected? The agents at Sloan Insurance Agency understand the insurance industry as it pertains to home indemnity plans in New Jersey. They are eager to help you find the plan that works best for your family.

What exactly makes for a good home insurance policy, though? Also, what happens when policy limits are exhausted? Read on to find out!

What is the purpose of home insurance?

The central purpose of home insurance is to provide a financial cushion to your family when the unexpected becomes a reality. A good home insurance plan pays for repairs to the roof when it caves in all while putting the family up in a temporary residence space until the home is again ready for habitation.

What about policy limits?

Some homeowners pay little attention to their indemnity plans and are unpleasantly surprised when tragedy strikes. A home insurance policy, much like a standard auto insurance plan, has policy limits that only allow for so much to be paid out per incident.

Of course, your policy’s limits are dependent on the monthly premium. Those who choose to pay more for insurance every month typically receive more coverage during crises. Meanwhile, those who purchase the minimum policy limits can expect to receive the same when tragedy strikes.

How much home insurance do you need?

The state of New Jersey does not have a set amount of coverage that you should purchase for home insurance. It is, however, a good idea to buy a policy that pays for the total loss of your property.

The representatives at Sloan Insurance Agency can help you find the indemnity policy that is right for your home in Elmer, NJ. Call today to get started with a quote!