Requires certain insurance carriers to include firearm liability insurance as policy option.

S 303 requires all New Jersey insurers selling homeowners, renters, excess liability, or personal liability insurance to offer firearm liability coverage as an optional add-on. This coverage would provide minimum protection of $100,000 per person for injury/death (up to $300,000 total for multiple people) and $25,000 for property damage from firearm incidents. The bill affects policyholders purchasing these insurance types in New Jersey, mandating insurers make this coverage available on all new or renewed policies. The bill was introduced in January 2024 and remains pending before the Senate Commerce Committee.