Mandates renter's insurance for individuals leasing dwelling units.

This bill requires renters in New Jersey to obtain renter's insurance before signing or renewing a lease for a dwelling unit. It defines "renter's insurance" as coverage protecting against loss of personal property, liability claims, or temporary displacement costs. The law applies to all new or renewed lease agreements entered into 90 days after the bill takes effect. It directly affects all individuals leasing residential housing units, including apartments and single-family homes, by mandating insurance as a condition of tenancy.