Contrary to popular perception, NJ homeowners are not the only people who need insurance.

If a pipe bursts and floods your apartment, sure the landlord may replace the carpet, but the damage to your clothes, furniture, or other items is your responsibility. NJ renters should take an inventory of their belongings and get a policy to cover their personal property.

To protect your belongings, you should:
1) Write down all the information about each item
a. Model & Serial Number
b. Purchase date
c. Estimated current value

2) Take Pictures or video record what you own
a. Store the tape and pictures away from your apartment
b. Find out if your insurance agent wants a copy of these

Remember, some policies have limits for things like jewelry, computers, and electronics, so if necessary, consider investing in additional coverage for items like these.

AND while you are insurance shopping in New Jersey, don’t forget liability insurance. If a guest or visitor slips and falls in your bathroom or gets bitten by your dog, you are liable for the damages.

Trust us, this small investment in an insurance policy is well worth every penny. Especially when all of your belongings are ruined and it will cost you THOUSANDS to replace… it happens more often than you think.