Insurance

Some people have the idea that self storage facilities will provide insurance as a matter of course for the stuff you put into storage. In most cases, this is not how it works. Not very many self storage facilities include full or comprehensive item insurance as part of their standard package. There may be basic coverage based on the size of storage unit rented, but this may not be enough for your needs.

There are a few self storage facilities that will not obligate you to have insurance coverage, while other places will insist. Getting coverage is a good idea. A well run and secured storage facility can make you feel that insurance is less necessary than it is. Belongings in storage still need to be insured in case something does happen and, while theft is unlikely in a well-run facility, there’s not much it can do against incidental damage caused by a fire, large storms, flooding or other natural disasters.

It’s a good idea to look through your insurance choices with care before putting your signature down on an agreement. Before you even visit the storage facility you can check with your homeowners insurance to see if it provides self-storage coverage. There may be coverage that is inclusive to your items stored away from home or you may be able to add some for an additional fee. It’s good to look into this option first, as it’s often less expensive than taking out a separate policy. Some storage unit facilities will ask for proof of your policy before renting you storage.