20 Aug Does New Jersey offer renters or apartment insurance?

Q. Does New Jersey offer renters or apartment insurance?
— Tenant

A. Rental insurance is really important for any tenant.

Most rental insurance will pay if your personal property is damaged or destroyed by a covered loss. You may also get additional living expenses if you have to move because your rental is uninhabitable. Policies may provide a certain amount of personal liability coverage, and even pay medical bills if someone is hurt in your rental.

But New Jersey itself doesn’t offer policies. You’d have to work with an insurance agent to find the coverage that’s right for you.

The state Department of Banking and Insurance offers this guide.

Email your questions to .

This story was originally published in August 2024.

NJMoneyHelp.com presents certain general financial planning principles and advice, but should never be viewed as a substitute for obtaining advice from a personal professional advisor who understands your unique individual circumstances.