Evesham Homeowners Insurance

Complete Guide to Evesham Township, NJ, Homeowners Insurance

Find the right homeowners insurance policy for you.

Beautiful Exterior of New Home at Twilight

Often referred to as Marlton by locals, Evesham Township is home to more than 45,000 people. This Philadelphia suburb offers residents a small-town feel while all the amenities of a large city are a short drive away. If you are among the proud property owners in this New Jersey township, you can protect your investment with a reliable homeowners insurance policy.

Independent insurance agents in Evesham Township can help you find a comprehensive, yet competitively priced, home insurance policy. Find an insurance agent near you to get more information and start reviewing customized quotes.

How Much Does Homeowners Insurance Cost in Evesham Township, NJ?

To get an idea of how much a policy will cost you, let’s look at some average rates:

  • National average yearly premium: $1,173
  • New Jersey average yearly premium: $1,092
  • Evesham Township average yearly premium: $1,055

The average homeowners insurance rate in New Jersey is a bit lower than the national average. And in Evesham Township, rates are slightly lower still. Of course, your quoted costs may vary from the figures listed above because home insurance rates are based on several factors such as:

  • The age, size, and value, of your house
  • The number of stories your house has and whether it has a basement
  • The crime rate and common weather hazards in your ZIP code
  • Your claims history and credit score
  • The amount of your deductible

If you bundle your home insurance with other policies such as car insurance or life insurance, you can often get all of your coverage at discounted rates. An independent agent in Evesham Township can help you find the right home insurance policy to meet your coverage and budgetary needs.

Evesham Township Homeowners Insurance Covers Your Property

Homeowners insurance is designed to cover loss or damage to the structure of your home (dwelling coverage) as well as to the personal property inside it (contents coverage).

You will want to be sure that your coverage limits are high enough to allow you to rebuild, repair, or replace damaged property if your home is impacted by a damaging event like a fire, frozen pipes, or heavy winds.

Catastrophic Events in New Jersey

  • Number of federally declared disasters in New Jersey: 51
  • Most common reasons for disasters in the state:  Severe storms and hurricanes
  • Average number of tornadoes per year in New Jersey: 2.0
  • Average amount of property damage per year in NJ:  $1.08 billion
  • 1 in 15 insured homes has a claim each year.

Be aware that home insurance does not cover flood damage caused by rising waters, even if the flood is the direct result of a covered event like a hurricane or tropical storm.

If your home is located in a designated flood plain or is otherwise at risk for flash flooding, your local independent insurance agent can help you supplement your coverage with an affordable, government-backed flood insurance policy through the National Flood Insurance Program (NFIP).

Homeowners in Evesham Township Need Liability Insurance

Home insurance does more than just cover your property. It also provides you with a significant amount of personal liability coverage. Homeowners liability insurance is designed to absorb expenses like court costs, legal fees, and damages if you are liable for a covered event.

Samples of times that you may need to use this liability insurance include:

  • A visitor to your home slips on an icy walkway ends up needing months of physical therapy.
  • You accidentally injure someone while playing a friendly game of tennis at Memorial Park.
  • Your child leaves the fence open and your dog gets loose and bites a delivery man.
  • An area business takes issue with a scathing review you posted online and threatens to sue you for defamation.

If you want to have even more liability coverage than your home insurance company can provide, umbrella insurance is an affordable way to significantly boost your coverage limits. At your request, an independent insurance agent can help you find an affordable umbrella insurance policy.

Homeowners Insurance Covers against Property Crimes in Evesham Township

The burglary rate in New Jersey is lower than the national average. In Evesham Township, the risk is higher than the state average but still lower than the national rate.

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in New Jersey: 2.83
  • Number of burglaries per 1,000 homes in Evesham Township: 4.26

To protect their property, some Evesham Township residents have installed home security systems in their houses. Of the many preventive measures you can take to lower your risk of being targeted by thieves, burglar alarms are among the most effective. That is why many insurance companies offer discounts to policyholders who use them.

If your house is broken into, you may be comforted to know that your homeowners insurance can provide compensation for your losses. Your local insurance agent can help you review your policy’s contents coverage to ensure that your most valuable belongings are appropriately covered.

What about Insurance for Second Homes and Vacation Homes?

If you are among the Evesham Township residents who own more than one house, this extra property is likely to have additional risk factors that insurance companies will take into consideration when they calculate your rates. Depending on certain details about your second home, you may be required to purchase specialized home insurance coverage.

For example, if you own a multi-family house closer to Philadelphia that you rent out to young couples, your liability and property damage risks will be higher than they are in your primary residence. That is why this type of home would need to be covered by landlord insurance.

Or maybe you own a winter vacation house in a warmer climate. If the house is left vacant and unattended for several months out of the year, your insurer will likely require you to carry vacant home insurance during the times that property is unoccupied.

Your insurance agent can help you review the coverage needs of your secondary properties and can help you find the best home insurance coverage for all of your houses.

Why Work with an Independent Insurance Agent in Evesham Township?

Independent insurance agents are available to assist you with all of your insurance coverage needs.  You can turn to a local agent when you are looking for answers to your insurance-related questions, wanting the advice of a trusted professional, or needing help finding the best and most affordable policy for your Evesham Township home.

Contact an insurance agent with an office in Evesham Township or near you to learn more. You will soon discover how easy it can be to compare customized, competitively priced homeowners insurance quotes from a variety of reliable insurance companies.

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http://www.naic.org/prod_serv/AUT-PB-14.pdf
https://www.census.gov
http://www.city-data.com