Permits municipalities to place lien on fire-damaged property's insurance proceeds in certain instances and requires fire and explosion insurance coverage for certain individuals.

This bill allows New Jersey municipalities to place a lien on insurance proceeds from fire-damaged property to cover costs of restoring, repairing, or demolishing the building. It applies to residential properties (like homes) and other designated properties through a municipal ordinance, but only for building coverage (not personal belongings or temporary housing). The lien takes priority over most other claims except a mortgage, and insurance companies must withhold proceeds until the lien is satisfied. Municipalities must adopt an ordinance to implement this provision, which is intended to ensure property restoration after fire damage.