4/9/2012

Many homeowners in New Jersey are set to experience increases between 5% and 7% in insurance premiums this year. "Despite having high-value homes and coastal exposures, New Jersey's homeowners' average insurance premium ranks in the middle of the pack in the nation," said Marshall McKnight of the state Department of Banking and Insurance. "The market is stable. The large number of insurers is helping the market to keep the costs down."

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