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Premium hikes in home insurance spurs New Jersey legislation

Depending on the size of the problem, you may see your home insurance premium spike significantly after a single claim, according to a new report. In response, a state lawmaker has introduced legislation to prohibit this from happening.

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Money
(Ingram Publishing, Thinkstock)
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NJ Consumers Save Hundreds by Bundling Insurance [AUDIO]

New Jersey consumers who bundle their auto and home insurance coverage from the same company receive an average discount of $283 per year according to a survey released Wednesday by insuranceQuotes.com.

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Pit Bull mix
Bruce Bennett, Getty Images
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Breed Discrimination in NJ Would End Under Bill [AUDIO]

Just because you own a pit bull or a German shepherd in New Jersey doesn't mean your insurance company should automatically be allowed to drop you from your homeowner's policy.  That's according to state Sen. Jeff Van Drew (D-Cape May Court House) who is sponsoring legislation that would prohibit breed discrimination by home insurance companies.

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Flickr user: maplegirlie
Flickr user: maplegirlie
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Would You Give Up Your Dog For Homeowners’ Insurance?

Some insurance companies are reportedly dropping their customers who own dangerous breeds of dog.

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