Do I Need Storage Insurance?
Many people at some point in their lives find themselves in need of a storage facility. Whether downsizing houses, taking an extended vacation or merging families, you may find that you have too many things to keep in your current space, but can’t find it in you to get rid of your possessions. Maybe they have sentimental value, or you anticipate needing them again in the future. In fact, about 10.8 million Americans are currently using a storage facility. If you’re one of them, you may wonder if you need storage insurance in Plymouth, MA. Read on to get some more insight into the benefits of this option.
Adding self storage to your current policy
Many self storage facilities have an insurance option that they offer independently. However, if you have homeowner’s or renter’s insurance, you may already be covered for your belongings, even if they are kept off the property. You’ll want to check with your current insurance provider to see if your possessions in storage are covered, or what their terms are.
For instance, your current insurance provider may cover your items in storage at a higher rate or have the option for adding your storage facility to the policy as a second location. Your current insurance provider may also have the option of buying storage insurance as a separate or add-on policy. You’ll want to check and see what the limitations are for your off-site items. Some companies only cover up to 10 percent of the policy limit under home insurance.
It’s a good idea to have a ballpark sense of the value your items. Make an inventory list and estimate the total value of your possessions to determine whether your existing policy will cover what you have.
Independent self storage insurance
If you decide to buy separate storage insurance in Plymouth, MA, there are some benefits to buying from your storage facility. For one, storage insurance doesn’t have a deductible. It’s also cheaper than homeowner’s insurance, costing as little as $6 per month, which is more than worth the peace of mind that it provides. Self storage insurance covers protection from fire, theft, hurricanes, tornados, wind, hail, smoke, earthquakes, leaking water and lightning.
However, there are some items that storage insurance in Plymouth, MA doesn’t cover, and these items might need to be covered separately. These items include vehicles or ATVs, as well as jewelry, valuable collections like artwork or antiques, deeds and valuable documents, watches and stamps. These items often have limited coverage under home insurance as well, and jewelry might only be covered up to $1,500.
Regardless of the route you take to insure your possessions, storage insurance in Plymouth, MA is a good idea for additional protection of your possessions that may not be covered under your homeowner’s or renter’s policy. For even more peace of mind, choose a storage facility with adequate security. At A Plus Storage Corporation, we put safety and security at the height of our concerns. Our facility is fully equipped with the features necessary to protect your possessions. We’re diligent about monitoring and maintaining all our security features. Learn more by giving us a call today!
Categorised in: Storage Insurance