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Landlord Insurance New Jersey

Let’s protect your heaven.

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Welcome to Landlord Insurance in New Jersey! You’ve come to the right place to get the lowdown on how to protect your rental home. Remember, having Landlord Insurance isn’t required by law in the Garden State, but it’s a wise move to safeguard your finances and your main residence. It’s also worth mentioning that if you have a mortgage, your lender might require you to have Landlord Insurance. You will also have extra peace of mind by knowing your investment is protected against potential risks or claims you might have from your tenants.

Landlord Insurance Coverages in New Jersey

Explore the fundamental layers of protection provided by Landlord Insurance in New Jersey.

Dwelling

Get your rental property covered in case it needs repair or rebuild due to theft or weather damage such as wind, fire, and fallen trees.

Additional structures

Keep your sheds, workshops, garages, or any other detached structure safe and secure.

Loss of use

Protect yourself in case your investment property is damaged and you need to cover your rental income while it’s being repaired.

Customize it according to your needs

Level up your Landlord Insurance game with these optional coverages!

personal-liability-icon

Personal liability

Get legal expenses covered when you’re found responsible for causing bodily injury or property damage to others.

Personal injury

Protect yourself in the event you are legally responsible for causing harm, such as defamation or invasion of privacy. Better safe than sorry, right?

Equipment breakdown

Avoid financial impact due to damage or malfunction of home systems and appliances such as broken fridges, televisions, or HVAC systems in your rental property.

Ordinance or law

Cover the expenses coming from current building code standards in the event of a covered loss.

Common Risks

Protecting your rental property with Landlord Insurance is necessary, but it may not be enough. At PSIC, we want to make sure you’re covered for the most common perils that occur in New Jersey: hurricanes, floods, and identity theft. These events, as unpredictable as they are destructive, can cause serious problems for your finances if you are not properly insured.

With PSIC, you can protect your assets and your loved ones. While our standard Landlord Insurance policy in New Jersey protects you against hurricanes, we have specific coverages to protect you against identity theft and flood.

How Much is Landlord Insurance in New Jersey?

Understanding factors that will affect your Landlord Insurance cost, alongside with choosing ideal add-ons, will help you have a more comprehensive coverage.

Where your rental home is located is key to your Landlord Insurance cost. Your zip code, city, and state can have different risk rates for weather damage, like hurricanes or floods, or higher claims history due to crime, affecting your coverage final price. In the end, the whole point of having insurance is keeping your investment protected, right?

“Age matters”. This may not be the nicest say in most case scenarios, yet it can be when it’s meant to protect your rental home. Older homes typically require more maintenance and repairs, meaning that your premium prices could bump up. At PSIC we want to make sure your investment property has reliable protection and is ready to handle unexpected surprises that may come your tenant’s way.

Think of your deductibles as a way to strike a balance that works for you. If you go for a higher deductible, you can score some lower premium rates. But, keep in mind that this also means you'll have to cover more out-of-pocket expenses if you have to file a claim.

Robust and reliable homes often mean lower premiums. If your rental home is strong and was built with durable materials, let’s say fire-resistant, you're set for savings. Our coverage protects you from perils like fire, wind, freezing, and theft, so it pays off to have a solid foundation.

Your claims history reflects on your policy cost. Meaning, that if you didn’t file any claim in the past years, either with PSIC or another insurer, it can positively influence your premium rate! Why? Your claims history indicates potential risks of future claims, which in turn raises or decreases premium costs.

This factor considers your rental activity in your property. If you are more likely to have long-term tenants on year-long leases, it generally implies stability and responsible care for the property. Occasional short-term leases can indicate less commitment, potentially leading to damage and higher premiums.

Save Money on Insurance

Having the best Landlord Insurance in New Jersey doesn’t mean it has to be expensive. Find out which options you can choose to make it more affordable while keeping it safe.

Bundle and save

When having 2 PSIC active policies.

Gated community discount

Enjoy a special price if you reside in a permanently locked gated community with on-site security personnel.

Security system discount

Keep your home safe and enjoy a special price by protecting it with a burglar alarm, sprinkler system, fire alarm, or central system.

Roofing discount

If you upgrade your roof to a hail-resistant one, choose one with stylish tiles, or if you want to go even safer and get a brand new one, we’ve got some sweet savings for you.

E-delivery discount

Go paperless, hassle-free, and wallet-friendly. Choose our e-delivery option and watch the savings roll in!

Rental agreement discount

Enjoy a special price if you have an active lease with your tenant.

Builder warranty discount

Add an extra layer of protection to your new rental home and gain access to a special discount.

Windstorm mitigation discount

If you implement wind-resistant features that make your home more reliable, like hurricane shutters, reinforced doors, or impact-resistant windows, we’ve got some discounts for you!

It’s All About Insurance!

Learn about insurance coverage, safety tips, money-saving options, do’s & don’ts, news, and much more in the resources section.

Safety Tips for Dog Owners

Pets become cherished members of our family, but it’s crucial to recognize that they have unique needs and can behave unpredictably at times. Therefore, it’s important to take proper precautions to protect them and also ensure the safety of those around them. Let’s go over some tips to make this happen.

Blog

10 Sep 2024
5 min read

Blog

Advantages of Living in a Gated Community

From enhanced safety and privacy to a strong sense of belonging, living in a gated community offers a wider range of benefits than traditional neighborhoods do. Discover the numerous advantages that come with this lifestyle, we’ll address common questions and provide insights into the advantages of this experience.

Blog

10 Sep 2024
4 min read

Blog

Which Dwelling Fire Policy to Choose?

There isn’t a right or wrong choice of coverage, all it has to do is fit your needs. DP1 Insurance provides basic protection of your property from a detailed list of perils, DP3 Insurance offers a broader scope of coverage, except for a few perils, also mentioned in your policy.

FAQ

FAQ

What is DP3 Insurance?

DP3 Insurance, also known as Special Dwelling Insurance or Open Peril Insurance, is a protective buffer for your rented, primary owner occupied or seasonal property. It’s specifically designed to keep your home and assets safe with an open peril policy, covering a wide scope of potential risks, with a few exceptions.

FAQ

FAQ

Get Fully Protected

Check out more coverage options available in New Jersey!

Privacy Notice at Collection for CA employees

Last updated: June 27, 2023

  1. About this Notice. This privacy notice sets out how The McGraw Group of Affiliated Companies collects and uses personal information about you in compliance with our obligations under the California Consumer Privacy Act of 2018 (CCPA), as amended by the California Privacy Rights Act of 2020 (CPRA). This Notice supplements all other privacy policies we have in place.

We take the privacy of our employees and applicants very seriously. Please read this notice carefully as it contains important information on the personal information that we collect, why we collect it, how long we keep it, and that it is not sold to third parties.

  1. Key Terms. The following key terms are used in this notice:
  • We, us, our. The McGraw Group of Affiliated Companies.
  • Personal information. Any information that identifies, relates to, describes, is reasonably capable of being associated with, or could reasonably be linked with a particular individual.
  • Sensitive personal information. Personal information revealing an individual’s social security number, driver’s license and passport numbers, account numbers and credentials, precise geolocation, racial or ethnic origin, religious beliefs, or union membership, personal information concerning a consumer’s health, sex life, or sexual orientation, contents of a consumer’s mail, email and text messages where the business is not the intended recipient, genetic data, and biometric information.
  • Biometric Information. An individual’s physiological, biological, or behavioral characteristics, including information pertaining to an individual’s deoxyribonucleic acid (DNA), that is used or is intended to be used singly or in combination with each other or with other identifying data, to establish individual identity. Biometric information includes, but is not limited to, imagery of the iris, retina, fingerprint, face, hand, palm, vein patterns, and voice recordings, from which an identifier template, such as a faceprint, a minutiae template, or a voiceprint, can be extracted, and keystroke patterns or rhythms, gait patterns or rhythms, and sleep, health, or exercise data that contain identifying information.

Other terms used but not defined will have the meaning set forth in the CCPA, as amended by the CPRA, Cal. Civ. Code §§ 1798.100—1798.199.100, and accompanying regulations set forth under Cal. Code Regs. tit. 11, § 7000 et seq.

  1. Personal Information We Collect About You. We may collect and use the following categories of personal information about you:

Categories of Personal Information Collected

  • Identifiers: Name, alias, postal address, email address, phone number, account name, social security number, driver’s license number, passport number, or other similar identifiers.
  • Employment-related information such as your job title, salary, benefits information, emergency contact information, references, qualifications, skills and experience.
  • Personal information as defined in Customer Records law: Name, signature, social security number, physical characteristics or description, address, telephone number, passport number, driver’s license or state identification card number, education, professional license number employment history, bank account number, other financial information, medical information, and/or health insurance information.
  • Characteristics of protected classifications under California or federal law such as race, age, sex, familial status, and disability.
  • Audio, electronic, visual, or similar information such as photographs and call recordings
  • Background check information such as your criminal and credit history
  • Inferences are not drawn from any of the information identified above to create a profile reflecting your preferences, characteristics, psychological trends, predispositions, behavior, attitudes, intelligence, abilities, and aptitudes.
  1. How and Why We Use Your Personal Information. We use your personal information for the following purposes:

Purposes for Collecting and Using Your Personal Information

Managing Human Resource Functions:

  • Recruiting, hiring, and onboarding
  • Performing background checks
  • Implementing diversity and inclusion initiatives
  • Training and career development
  • Assessing performance
  • Determining promotions, transfers, salary, awards, and bonuses
  • Managing disciplinary matters
  • Managing payroll and business expenses
  • Administering leave requests
  • Employee communications
  • Administration of benefits
  • Promoting employee health and safety

Conducting business operations:

  • Budgeting
  • Recordkeeping and reporting requirements
  • Managing infrastructure and company assets
  • Strategic planning
  • Maintaining security and risk management
  • Emergency response and business continuity
  • Conducting audits
  • Pursuing or defending legal or administrative claims

Monitoring:

  • Compliance
  • Use of company resources
  • Any other monitoring activities permitted by applicable laws

Compliance with:

  • Legal and regulatory obligations
  • Court or other government directives
  • Internal policies and procedures

Investigating:

  • Reports of wrongdoing
  • Policy violations
  • Internal complaints
  1. Whether Personal Information Will Be Sold or Shared. We do not sell or share the personal information of employees.
  2. How Long Your Personal Information Will Be Kept. We will keep your personal information for as long as is necessary while you are employed by us. Thereafter, we will keep your personal information:
  • To respond to any questions, complaints or claims made by you or on your behalf or;
  • To keep records required by law. In California, this is currently and generally a minimum of four (4) years.

We will not retain your personal information for longer than necessary for the purposes set out in this notice. Different retention periods apply for different types of personal information.

When it is no longer necessary to retain your personal information, we will delete or anonymize it.

  1. If you have any questions or concerns about this notice or the information we collect about you, please contact send an email to privacy@pacificspecialty.com.