NJ S3157

Automobile insurance policies in New Jersey would be required to provide uninsured and underinsured motorist coverage equal to the policyholder's liability limits for bodily injury, death, and property damage.

Currently, policyholders may choose uninsured/underinsured motorist coverage limits that are lower than their liability coverage limits; this bill eliminates that option.

The requirement applies to all standard motor vehicle liability policies except basic automobile insurance policies.

Stacking of coverage limits across multiple vehicles or policies remains prohibited, with recovery limited to the higher of applicable limits when multiple policies exist.

The bill takes effect 90 days after enactment and applies to policies issued or renewed on or after that date.