NJM Homeowners' Insurance Review 2022

NJM may only be present in a few states, but when it comes to coverage, it punches above its weight. The basic homeowner's policy from NJM is more generous than most, but it is only available in five states. NJM home insurance includes not only the basics you'd expect but also a suite of additional coverage that would cost extra at many other companies. Combine that with a user-friendly website and a lower-than-expected rate of consumer complaints, and you've got a home insurance company that is worth considering if you live in one of the states it serves.

What are the NJM home insurance rates?

NJM covers four more types of coverage that are frequently overlooked by other companies: If your dwelling coverage is insufficient, guaranteed replacement cost coverage ensures you'll get enough money to rebuild your home with comparable materials. To be eligible for this coverage, you must ensure that your home meets NJM's entire recommended replacement cost limit. NJM homeowners insurance earned 5 out of 5 stars for overall performance. The homeowner's insurance scoring formula takes into account policy coverage options and discounts, ease of filing a claim, website transparency, the financial strength of the company, complaint data from the National Association of Insurance Commissioners, and more. Oclnn ranks NJM as one of the Best Home Insurance Companies for 2022 based on these ratings. Accessibility by state NJM provides home insurance in Connecticut, Maryland, New Jersey, Ohio, and Pennsylvania. You can customize your homeowner's policy by adding coverage add-ons that are often included in standard plans. Replacement cost coverage pays out enough to replace your personal items if they are stolen or destroyed. Other businesses may pay less to account for depreciation on older assets. Water backup coverage pays to repair damage if your sump pump overflows or water backs up into your home. This coverage compensates for the costs of bringing your house up to the current building code after a covered claim. The following add-ons can help you customize your policy even more:
  • Extra security for valuable items like jewelry and antiques.
  • Additional fraud protection in the event that you are the victim of credit card fraud, a forged check, or counterfeit money.
  •  Identity theft coverage reimburses you up to $15,000 for expenses incurred if your identity is stolen.
  • Earthquake insurance covers damage to your home or belongings caused by an earthquake (not available in Connecticut).
  • When your condo or homeowners association is liable for an injury or property damage, you must pay your share of the supplemental loss assessment, which can be up to $5,000 depending on your policy.
  • Personal property and liability coverage is extended to a relative in a nursing home or similar facility under 'assisted living care coverage.'
  • Increased storage coverage, which increases your coverage limit for belongings in a self-storage unit
  • Increased coverage for other structures, which raises your coverage limit for sheds, pools, and other non-attached structures on your property.


Depending on where you live, NJM may offer the following ways to save money on your homeowner's policy. Discounts for multiple policies. Discounts are available for features like smoke detectors, burglar alarms, and automatic sprinkler systems. Discount for nonsmokers. Ages 65 and older receive a discount. discount for owning a backup power supply or a portable generator. Full payment and electronic payment discounts. Discount without paper. discount for all windows with impact-resistant glass.

Consumer complaints

Depending on your state, the NJM website can be used to obtain a quote, make a payment, view policy details, upload documents, and report and track claims. The website also includes a helpful FAQ section with information about coverage, the claims process, and other topics.

Consumer experience

Depending on your state, the NJM website can be used to obtain a quote, make a payment, view policy details, upload documents, and report and track claims. The website also includes a helpful FAQ section with information about coverage, the claims process, and other topics.

Homeowners' insurance buying guide

Home insurance quotes can be obtained online, over the phone, or through an agent. But first, go through the following steps: Determine how much protection you require. Is a standard policy adequate, or do you need additional coverage for things like identity theft or sewer backups? Check to see if each company you're considering offers the options you require. Take a look around. Take inventory of your belongings to ensure you have adequate personal property coverage. All furniture, electronic devices, clothing, jewelry, and household items should be included. What would it cost to replace them? This is the bare minimum amount of personal property insurance you should have. Make a reasonable comparison. When comparing rates, make sure that each insurer provides the same limits and deductibles. Examine consumer complaints. Although it may be tempting to simply choose the cheapest option, before selecting a policy, consider how many consumer complaints each insurer has. If you ever need to file a claim, poor customer service could have a significant impact on your experience.

How to file a homeowners' insurance claim

As soon as it's safe to do so, file it. The faster you report a theft or damage to your home, the sooner your insurer can assign an adjuster and begin processing your claim. Some companies allow you to file claims online or through their app, while others require you to call your agent or insurer. Keep your policy number on hand. Take pictures of the damage. Take photos or videos of all the damage to support your claim. If you suspect that something has been stolen, contact the police before contacting your insurance company. Your insurer might request a copy of their report. After you've photographed everything that's broken or destroyed, take precautions to avoid further damage. A tarp, for example, can be used to cover a leaking roof or a blown-out window. Maintain receipts for any supplies you purchase, as your insurer may reimburse you later. See how to file a homeowners' insurance claim for more information. Other home insurance companies to think about Not ready to make a choice? You might be interested in the following additional homeowner's insurance companies:
  • Amica
  • Nationwide
  • Hippo
  • Chubb.

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