Many customers of self storage think that the providers themselves automatically insure their items. But this is not the case all the time. You might think that storage facilities will include insurance in the rental and other fees you pay but not all providers do this.
An insurance coverage for your self storage is important for protecting your personal items. It will help you in the event the storage facility encounters fires, explosion, vandalism, riot, earthquake, vehicle impact, theft, floods, storms and other natural disasters that will damage your belongings. In terms of theft, only break-ins are normally covered. It should be your responsibility then to consider the insurance aspect as one of the security features you need to consider when choosing a self storage provider you will be using for the months or years ahead.
Today, only a few self storage facilities provide full and comprehensive insurance included in the rental fees you pay every month. If this is the case, you will normally be charged a higher fee to cover the cost of insurance. Some providers may offer the basic insurance coverage included in the self storage package you pick but this may not be enough to cover the cost of your items.
If you have expensive items and other belongings with great sentimental value to store in a rental unit, it will be worth getting additional insurance coverage to protect your personal possessions. You need to get a policy before you even move your items into the rental unit.
Calling your home insurer is the initial step you need to take. Find out if your personal items can be covered by your home contents policy. A household policy usually covers items in a house and some stored items removed from your house for purposes of repair and servicing. Normally items put in self storage are not covered.
In case you want to save money and don't want to get a separate insurance policy, you can pay an additional premium to your existing home insurance coverage. On the other hand if you want to get an insurance coverage, you may have to show your policy first to your chosen self storage provider before you can rent a unit.
New customers of self storage can also take advantage of the provider's policies. In this case, you will have to provide a list of items and their values in order for the provider to choose the best policy suited for your needs. They may also recommend to you insurance policies ideal for self storage items which can be a more affordable option. Some facilities offer assistance to their renters although there are also others who may insist their own policies to customers before they can rent a unit.
For customers who plan on adding and retrieving items from their self storage unit, it may be worth considering consulting your insurance company. You need to find out first if you can change your policy when needed such as when you want to put additional stuff or want to remove items from your rental unit.
By Kalyan Kumar
What I needed was a storage facility that made me feel that my stuff would be secured. What I got was a clean and well-run facility, that sense of security, also a friendly staff to make my comings and goings a pleasant experience.
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