NJM may operate in only a handful of states, but when it comes to coverage, it punches above its weight. 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’s worth considering if you live in one of the states it serves.

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NJM home insurance star rating

5.0

NerdWallet rating 

NJM homeowners insurance earned 5 out of 5 stars for overall performance. NerdWallet’s ratings are determined by our editorial team. The homeowners 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.

Based on these ratings, NJM is among NerdWallet’s Best Home Insurance Companies for 2023.

State availability

NJM offers homeowners insurance in Connecticut, Maryland, New Jersey, Ohio and Pennsylvania.

NJM home insurance coverage

You can customize your homeowners policy with numerous add-ons, but below are the types of coverage that generally come standard:

Type of coverage

What it does

Dwelling

Pays to repair or rebuild the structure of your home.

Other structures

Covers damage to unattached structures such as a shed or fence.

Personal property

Pays to repair or replace personal belongings such as furniture or clothing.

Loss of use

Pays for hotel stays, restaurant meals or other expenses if you have to live elsewhere while your home undergoes covered repairs.

Personal liability

Covers legal expenses and damages if you're responsible for injuries to other people or their property.

Medical payments

Covers injuries to guests in your home, regardless of fault.

For more details, see What Does Homeowners Insurance Cover?

In addition to this standard coverage, NJM includes four additional types of coverage that often cost extra at other companies:

·         Guaranteed replacement cost coverage, which ensures enough of a payout to rebuild your home with similar materials even if your dwelling coverage falls short. To be eligible for this coverage, you must insure your home to NJM’s full recommended replacement cost limit.

·         Replacement cost coverage for your personal belongings, which pays out enough for you to buy new belongings if yours are stolen or destroyed. (Other companies may pay out less to reflect the depreciated value of older items.)

·         Water backup coverage, which pays to repair damage if your sump pump overflows or water backs up into your home.

·         Ordinance or law coverage, which pays for expenses associated with upgrading your home to current building codes after a covered claim.

You can further customize your policy with the following add-ons:

·         Extra coverage for valuable items, like jewelry and heirlooms.

·         Extra fraud protection, in case you’re a victim of credit card fraud, a forged check or counterfeit money.

·         Identity fraud coverage, which pays up to $15,000 for expenses you encounter if someone steals your identity.

·         Earthquake insurance, which pays for damage to your home or belongings from an earthquake (not available in Connecticut).

·         Coverage for fungi damage, or issues such as wet or dry rot.

·         Supplemental loss assessment, which covers up to $5,000, depending on your policy, when your condo or homeowners association is liable for an injury or property damage and you must pay your share.

·         Assisted living care coverage, which extends personal property and liability coverage to a relative in a nursing home or similar facility.

·         Increased coverage for items in storage, which raises 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 nonattached structures on your property.

» MORE: 10 kinds of damage home insurance won’t cover

Discounts

NJM may offer the following ways to save money on your homeowners policy, depending on where you live:

·         Multipolicy discount.

·         Discount for features such as smoke detectors, burglar alarms and automatic sprinkler systems.

·         Nonsmoking discount.

·         Discount for being 65 or older.

·         Discount for having an automatic backup power supply or portable generator.

·         Paid-in-full and electronic payment discount.

·         Paperless discount.

·         Discount for having impact-resistant glass on all windows.

·         Discount for having a new home or roof.