Toms River Homeowners Insurance

Your Complete Guide to Toms River, NJ Homeowners Insurance

Find the right homeowners insurance policy for you.

Toms River is a historic township in Ocean County, New Jersey. With over 90,000 residents, Toms River is the 9th most populous municipality in New Jersey. While Toms River residents may or may not want to boast about the city’s role in TV’s Jersey Shore or the classic movie The Amityville Horror, most appreciate the city’s frequent ranking as one of the safest cities in America. 

Toms River is an attractive place to live and own a home. But no town is perfect, and Toms River has seen massive damage due to hurricanes, flooding, and other disasters. And while hurricanes are once-in-a-lifetime events, any home can be impacted by fire, severe weather, and even break-ins or vandalism. The best way to protect your Toms River home from these types of unforeseen events is to purchase a responsive and reliable home insurance policy. An independent insurance agent can help you obtain the best and most affordable insurance coverage for your unique needs. 

Cost of Homeowners Insurance in Toms River, NJ

New Jersey is the 21st most expensive state for home insurance in the US. The average cost of homeowners coverage in Toms River is lower than the average for the state. 

  • National average yearly premium: $1,173
  • New Jersey average yearly premium: $1,149
  • Toms River average yearly premium: $1,003

Your home insurance premiums will be more or less than the average for your community. Everyone’s rates are a little different because insurance costs are based on your individual home’s characteristics and the amount of coverage you need. Insurance companies are also concerned with the likelihood of your home experiencing damage due to theft, severe storms, and other unforeseen events. The type of home you have (one-story, townhome, two-story, etc.), as well as its age, size, and value, are the first characteristics that insurance companies use to determine your home insurance rates. They also consider the types of materials used in your home’s construction, as well as several other factors, such as:

  • Your claims history and credit score
  • Your coverage limits and the deductible that you choose
  • The crime rate and weather risks in your city or ZIP code
  • Whether you are bundling your coverage with other policies like car insurance

The best way to make sure you are getting the best price is to shop around. An independent insurance agent can get quotes from multiple insurance companies, so you can compare costs and coverage and make the best choice for your needs and budget. 

Burglary Rate in Toms River, NJ

The burglary rate in New Jersey is lower than the national average. In Toms River, there is an average of 2.81 burglaries per 1,000 homes each year.

  • 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 Toms River: 2.81

No matter where you live, it is important to protect your home from break-ins, theft, and vandalism. And if you do experience a property crime, you need home insurance to reimburse you for your losses as well as for any damage caused by the criminal. A local independent agent can help you be certain that your home and your possessions are properly insured. If you have items like expensive jewelry, special collections, or family heirlooms, ask your agent about adding special endorsements or riders to ensure these items have appropriate coverage. 

Be sure to tell your agent if you have a home security system. While security systems are among the best deterrents for burglars, having one will also help you save some money on your home insurance. Most insurance companies offer discounts to homeowners with burglar alarms.

Catastrophic Events in New Jersey

The greatest property threats in New Jersey are severe storms and hurricanes. Toms River Township sustained severe damage from Hurricane Sandy. In fact, many areas of Toms River experienced the worst flooding in the city’s over 200-year history due to Sandy’s record-breaking storm surge. 

  • Number of 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
  • Average amount of property damage per year in New Jersey: $1,078,146,000
  • 1 in 15 insured homes has a claim each year

Homeowners insurance protects you from the financial consequences of most property losses you could experience in Toms River. From a small kitchen fire to a disaster like a hurricane, a reliable home insurance policy will help reimburse you for repair costs, lost and damaged possessions, and even living expenses if you can’t live at home while you make repairs. 

Toms River homeowners must remember that damage caused by hurricane wind and rain is covered by a home insurance policy, but damage caused by flooding is not. Flood insurance is an essential protection for any home that is in danger of flooding from a hurricane or any other cause. Flood insurance is separate from your home insurance and can only be purchased through the National Flood Insurance Program (NFIP). 

Liability Insurance for Toms River Homeowners

Liability insurance protects you when a family member or you are sued for some kind of negligence. This can happen when someone is injured on your property, or if a family member or you cause damage to someone else’s property. Any type of lawsuit can devastate your finances, but your homeowners liability insurance takes the worry away. It covers medical expenses or repair costs for the injured party. And it also covers your attorney fees, other court costs, and even settlements or judgments that you must pay. Consider these examples of typical sources of lawsuits and liability claims:

  • A guest in your home trips over a rug, falls, and breaks an arm. 
  • Your child hits your neighbor’s home with a baseball and damages the siding.
  • You are accused of libel or slander because of something you posted online.

Talk to your independent agent to learn how an umbrella policy can offer even more liability coverage than your home insurance policy will allow. An umbrella policy supplements the liability coverage in both your home and auto insurance policies. 

Second Home and Vacation Home Insurance

If your primary residence is in the city of Toms River and you own a second “shore house” for leisure time or to rent out to vacationers, you have special insurance considerations. Whether you own a vacation home or a rental property, your second home needs sufficient insurance protection. It’s important to understand why your second home has different risk factors than your primary residence.  

  • Renting out a vacation home or apartment can be financially rewarding, but it is also very risky. Landlord insurance can help protect you from the costs of liability claims and lawsuits.
  • Vacation homes often sit empty for long periods, making them more susceptible to thieves and vandals, as well as water damage, ice damage, and fires. Talk to an independent agent to see if vacant home insurance can help in your situation. 

A local independent agent can help you find appropriate policies to cover all of your residential properties.

Why Work with an Independent Insurance Agent?

The easiest way to find a reliable and affordable homeowners insurance policy is by contacting a local independent insurance agent. These agents work for you, not for a particular insurance company, so you can be sure that you are receiving trustworthy guidance and the coverage you need.

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