Master Bedroom

NJ Home Insurance

If you live in New Jersey and are planning to remodel your home, or have just finished adding a bathroom or putting in a new deck, now might be the time to review your NJ home insurance policy limits. When you do review your policy remember that there’s a difference between the cost to buy and the cost to rebuild. Therefore, you can’t simply rely on your home’s market value to set your insurance limits.

By having an appropriate amount of insurance coverage you’ll be able to rebuild your home in the event of a total loss. However, that replacement value depends on the physical characteristics of your home, as well as the price of labor and materials in your area. It’s important to realize that, in most areas, these costs increase with time.

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