Paterson Homeowners Insurance

Your Complete Guide to Homeowners Insurance in Paterson, NJ

Find the right homeowners insurance policy for you.

As the third-largest city in NJ and known as the Silk City, Paterson has always been a melting pot for people of different backgrounds. Its diversity is part of its strength and attraction, and its population density is second only to that of New York. Whatever part of the city you are from and whatever parts you enjoy, you need Paterson, NJ home insurance to make sure your enjoyment is safe and uninterrupted.

Cost of Homeowners Insurance in New Jersey

  • National yearly premium average $1,034
  • New Jersey yearly premium average: $981
  • 21st most expensive premium in the US

Number of Catastrophes in New Jersey and the US

  • National number of catastrophes: 19,033
  • Number of catastrophes in New Jersey: 60
  • National number of tornadoes: 1,233
  • Number of tornadoes in New Jersey: 0
  • National property damage from weather: $5,511,270,000
  • Property damage from the weather in New Jersey: $13,780,000

Number of Thefts in New Jersey

  • National average for burglaries: 37,814
  • New Jersey number of burglaries: 35,873

Home insurance isn’t very exciting, but the situations it does cover are excitement you can do without – tornadoes, burglaries, fires, floods, damage, personal injury. You don’t want the financial consequences of these incidents laid at your door. A single insurable event could cost you thousands, even more, if it were serious.

Bad Things Can Happen

Think about having to pay for medical bills or compensation, or replacing major household items or a structural part of your house. Sometimes these things just happen, and they are not cheap items to pay for. But if you have the right homeowners insurance, you can make sure someone else is responsible for covering these items and more. Homeowners insurance is not compulsory, although if you have borrowed to buy your house, your lender will probably insist on it. Even if you already have homeowners insurance, it could still be worth your while checking with an insurance representative for Paterson home insurance quotes.

Use our independent agent matching system to find the best insurance plan in your area. You tell us what you’re looking for, and our technology will recommend the best agents for you. Any information you provide will be sent to only the agents you pick. We do not sell to third parties.

Insurance Can Be Complicated

Home insurance can be a complicated subject. There are many different risks and types of coverage, and exclusions and exceptions to look for. For example, the two common types of homeowners insurance are HO-2 and HO-3. HO-2 covers 16 specific risks and nothing else; HO-3 covers everything except risks directly excluded. You might end up paying for coverage you don’t need or not getting covered on something you want. Standard Paterson home insurance will normally cover you for fire, theft and personal liability but not for things like floods and earthquakes.

Hurricanes and Floods

No one in NJ will forget Hurricane Sandy and its aftermath. NJ is also highly susceptible to flooding and smaller-scale incidents that happen all the time. If you are concerned about the possibility of flood damage, you probably need to look for specific coverage to put your mind at ease.

Get Free Professional Help

It is always worth talking to a knowledgeable professional about home insurance. An independent agent from our network can give you advice, talk to you about your current situation, and make sure your policy covers these concerns. Getting Paterson home insurance quotes from a range of relevant insurers is just another part of the free service offered by your local insurance agent. Enjoy the diversity of life in Paterson, but make sure you have protection for your home. 

Contact an agent today for quotes and options on your next homeowners insurance.

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