N.J. Admin. Code § 15:21-4.2
The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.
"Adequate insurance" means insurance covering, at a minimum, losses of 80 percent of replacement value, resulting from fire, floods, lightning, aircraft, earthquake, vehicles, explosions, riots, civil commotion, vandalism or malicious mischief.
"Emergency" means any damage or loss suffered by a public library in excess of $ 50,000 or 10 percent of that library's current operating budget, whichever is less, and which directly affects the accessibility to the library and its collections to the public. Damages or losses caused by normal wear and tear, deterioration, defect, mechanical breakdown or neglect are not considered emergencies.
"Reimbursable loss" means such damage or loss which is not indemnified elsewhere such as through insurance or similar payments.
N.J. Admin. Code § 15:21-4.2