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Homeowners: |
Also
commonly called hazard insurance or homeowners insurance (often
abbreviated in the real estate industry as HOI), is the type
of property insurance that covers private homes. It is an insurance
policy that combines various personal insurance protections,
which can include losses occurring to one's home, its contents,
loss of its use (additional living expenses), or loss of other
personal possessions of the homeowner, as well as liability
insurance for accidents that may happen at the home or at the
hands of the homeowner within the policy territory. It requires
that at least one of the named insureds occupies the home. The
dwelling policy (DP) is similar, but used for residences which
don't qualify for various reasons, such as vacancy/non-occupancy,
seasonal/secondary residence, or age. |
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Valuable
Property: |
With valuable personal
property insurance from USAA, you can protect the items that
mean the most to you. You'll be covered for the full replacement
cost of your items with no deductible. A standard homeowners
or renters policy offers limited or no coverage for the items
below, and losses are subject to your policy deductible. Items
such as rings, necklaces, earrings, bracelets and watches.
You can insure an individual item up to the value you specify,
or an entire jewelry collection. Artwork, antique furniture,
oriental rugs and antique musical instruments or guns that are
used solely for display. Collectible coins, paper money, rare
coins and currency, display books and collection cabinetry |
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Automobile: |
Auto insurance is
required in New Jersey. As a New Jersey driver, you have many
choices when it comes to purchasing auto insurance. Each choice
you make affects the coverage you receive and the amount you
pay. Also known as auto insurance, car insurance, or motor insurance
is insurance purchased for cars, trucks, and other vehicles.
Its primary use is to provide protection against losses incurred
as a result of traffic accidents and against liability that
could be incurred in an accident.
In New Jersey, there are basically 2 types: Standard and Basic.
The Basic Policy usually costs significantly less than a Standard
Policy, but provides limited benefits. It is not for everyone,
but it does provide enough coverage to meet the minimum insurance
requirements of New Jersey law. The Basic Policy could be an
option for those with few family responsibilities and few assets
to protect (including income from a job). |
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Boats/Yachts: |
Generally "boats"
are considered to be 26' and smaller, and "yachts"
are 27' and larger. Generally speaking yacht coverage is broader
and more specialized because larger boats travel further and
have more unique exposures.
It is best to have what is known as an "All Risk"
policy, which will provide coverage for all types of losses
except those specifically excluded in the policy. Typical exclusions
may include wear and tear, gradual deterioration, marring, denting,
scratching, animal damage, manufacturer's defects, defects in
design, and ice and freezing.
You should insure your boat for the amount it would cost you
to replace it with like kind and quality. This is called "Agreed
Value" or "Stated Value" coverage, and in the
event of a total loss, will pay the full insured amount. Beware
of policies providing "Actual Cash Value" (ACV) coverage,
which means the value of your boat will be replacement cost
less depreciation. |
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Umbrella
Liability: |
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