What is the NJ Transit? 
NJ TRANSIT is New Jersey's public transportation corporation. Its mission is to move New Jersey and the region by providing safe, reliable and affordable public transportation that connects people to their everyday lives, one trip at a time. NJ TRANSIT is the nation's third largest provider of bus, rail and light rail transit, linking major points in New Jersey, New York and Philadelphia. To learn more about NJ Transit you can visit their website by following the hyperlink.  

If you are a current foster youth, you are eligible to receive a bus pass through NJ TRANSIT.  Contact your CP&P worker for more information.  

Here you will find some important auto insurance terms and definitions to know before you get car insurance.

Automobile Liability Insurance - Protection in case others hold you legally responsible for bodily injury and/or damage to property losses incurred as the result of a motor vehicle accident. In other words, coverage in case you cause an accident where there is either physical or property damage to other people. This is a general term that covers bodily injury (BI) liability and property damage (PD) liability.

$25/50/15 - When purchasing liability insurance, you will see three digits. They represent your liability limits for per-person bodily injury, bodily injury for all persons injured in any one accident, and property damage liability. Most states require a mandatory minimum amount and insurance companies offer the option to purchase more.

Collision Coverage - Optional coverage for damage to your car caused by collision with another object, such as a brick wall or a rollover. It may also come into play if your car is significantly damaged by a pothole. This insurance solely covers your vehicle. It does not cover the object with which the car collided (that’s what property damage liability is for).

Comprehensive Coverage - Optional coverage for your automobile if it is stolen or damaged in ways other than a collision. Hail, glass breakage, fire, vandalism, animal damage, flood, earthquakes, falling objects, and theft are just a few examples. The risk of loss, or the possibility that an insured car will be stolen or damaged, as well as the car's worth at the time of the loss, influence the cost of comprehensive insurance

Declaration’s Page - The first page of an insurance policy that generally includes your name, address, the insured property, its location and description, the policy period (how long the coverage will be in effect), the insurance coverage amount, the premiums, and any additional specific information provided by the insured.

Deductible - This is the amount you agree to pay out of pocket for losses.  Typically you will pay between $250 and  $1,000 deductible and then the insurance company will cover the rest of the cost. You can save a lot of money on collision and comprehensive coverage if you can afford to have a larger deductible.

Medical Payments Coverage - This coverage (which is usually optional) covers doctor visits, hospital bills, and burial expenses for you and your passengers, up to the policy limitations, regardless of who caused the accident.

Personal Injury Protection (PIP) - This is a set of first-party medical benefits that covers medical expenses, lost wages, the loss of necessary services normally provided by the injured person (such as childcare and housework), and funeral expenses.

Property Damage Liability - This coverage applies if your car causes damage to someone else's property. It usually refers to a person's car, but it can also refer to structures, utility poles, fences, and garage doors.

Rate - This is the price of a single term period of insurance. What a motorist pays for vehicle insurance is based in part on the company's previous experience with drivers with similar characteristics such as age, gender, marital status, driving record, and automobile make and model.

Threshold - A maximum amount that, if fulfilled, allows the injured person to file a lawsuit against the driver who caused the accident in order to receive damages for bodily injury, such as "pain and suffering."

Tort - A legal action that can be brought because of a wrongful act that causes harm or injury.

Uninsured/Underinsured Motorist Coverage - When the insured person and other passengers in the car are wounded as a result of an accident caused by an uninsured, underinsured, or hit-and-run driver, it covers up to the coverage maximum of the insured person and other passengers in the vehicle.

Below you will see terms that you should know when considering leasing or financing a vehicle.

Allowable Miles - Allowable miles, or the number of miles you're allowed to drive without paying extra, usually range from 10,000 to 15,000 per year. Miles above the authorized miles that you contract for in advance at the time the lease is done for an extra payment, usually represented in cents per mile, are referred to as "additional contracted miles."

Capitalized Cost Reduction - Down payment is referred to as "capitalized cost reduction" in lease terms. The capitalized cost is reduced by whatever cash down payment and/or trade-in you give to the dealer.

Early Termination Penalty - Most leases have a significant early termination penalty if the lease is terminated before its terms. It could cost several thousand dollars, depending on when the lease is terminated—the earlier the lease is terminated, the larger the early termination penalty.

Gap Insurance - If your vehicle is stolen or wrecked in an accident, you are covered by "gap insurance" which will pay the remaining value of the lease or loans.

Lease Term - The "lease term" or "duration" refers to how long you have agreed to lease the car for (24 months, 36 months, etc.).

Residual Value - The "residual value," or the value that the leasing company predicts the vehicle will have at the end of the lease term, is commonly calculated as a percentage of MSRP.