ASSEMBLY, No. 5696 STATE OF NEW JERSEY 220th LEGISLATURE INTRODUCED NOVEMBER 20, 2023
ASSEMBLY, No. 5696
STATE OF NEW JERSEY
220th LEGISLATURE
INTRODUCED NOVEMBER 20, 2023
Sponsored by: Assemblyman WILLIAM B. SAMPSON, IV District 31 (Hudson) SYNOPSIS Mandates renter's insurance for individuals leasing dwelling units. CURRENT VERSION OF TEXT As introduced.
Sponsored by:
Assemblyman WILLIAM B. SAMPSON, IV
District 31 (Hudson)
SYNOPSIS
Mandates renter's insurance for individuals leasing dwelling units.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning renter's insurance and supplementing chapter 8 of Title 46 of the Revised Statutes. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. a. No individual shall enter into or renew a lease agreement for a dwelling unit without obtaining a renter's insurance policy or contract. b. As used in this act: "Dwelling unit" means a room or connected rooms within a residential structure forming a self-contained area within that structure and adapted to provide permanent living accommodations for an individual or family, including the availability of heat, electricity, water, and necessary equipment for the culinary and sanitary requirements of a household of the size for which it is intended. "Lease agreement" means an agreement to transfer possession or control of a dwelling unit for a fixed or indeterminate term for consideration. "Renter's insurance" means an insurance policy or contract that protects an individual leasing a dwelling unit against loss of personal property, liability claims, or additional living expenses incurred from the temporary displacement of the individual from the dwelling unit. 2. This act shall take effect on the 90th day next following enactment and shall apply to all lease agreements entered into or renewed on or after that date. STATEMENT This bill mandates renter's insurance for individuals entering into or renewing a lease agreement for a dwelling unit. As used in this bill, "renter's insurance" means an insurance policy or contract that protects an individual leasing a dwelling unit against loss of personal property, liability claims, or additional living expenses incurred from the temporary displacement of the individual from the dwelling unit.
An Act concerning renter's insurance and supplementing chapter 8 of Title 46 of the Revised Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. No individual shall enter into or renew a lease agreement for a dwelling unit without obtaining a renter's insurance policy or contract.
b. As used in this act:
"Dwelling unit" means a room or connected rooms within a residential structure forming a self-contained area within that structure and adapted to provide permanent living accommodations for an individual or family, including the availability of heat, electricity, water, and necessary equipment for the culinary and sanitary requirements of a household of the size for which it is intended.
"Lease agreement" means an agreement to transfer possession or control of a dwelling unit for a fixed or indeterminate term for consideration.
"Renter's insurance" means an insurance policy or contract that protects an individual leasing a dwelling unit against loss of personal property, liability claims, or additional living expenses incurred from the temporary displacement of the individual from the dwelling unit.
2. This act shall take effect on the 90th day next following enactment and shall apply to all lease agreements entered into or renewed on or after that date.
STATEMENT
This bill mandates renter's insurance for individuals entering into or renewing a lease agreement for a dwelling unit. As used in this bill, "renter's insurance" means an insurance policy or contract that protects an individual leasing a dwelling unit against loss of personal property, liability claims, or additional living expenses incurred from the temporary displacement of the individual from the dwelling unit.