Do I Need Insurance for My Storage Unit?

There can be a lot of reasons why someone needs a little extra storage space, from moving to a new residence to needing a place to keep business equipment when it’s not in use. No matter the reason, it’s important to choose a reputable storage facility to keep your stuff safe. But even if you choose the safest storage facility, you may still want to consider storage insurance.

One reason is that many storage facilities actually require you to have storage insurance as part of the rental agreement. This is sometimes referred to as tenant insurance.

Let’s take a look at some of the most commonly asked questions about why it may be a good idea to have storage insurance—even if it’s not required.

Why do you need storage insurance?

You need storage insurance for the same reasons you would want homeowners or renters insurance: to protect against any unforeseen incidents like disasters or theft. Even if you’re very confident that nothing will happen to your storage unit or you’re not too concerned about theft, it’s often an affordable way to have peace of mind.

While your homeowners or renters insurance often covers damage or loss of your stuff while it’s in your home, the coverage may be far less generous for items in an off-site storage facility. It’s important to check your current policy to know what may already be covered and how it will be handled, should you get storage insurance.

What does storage unit insurance cover?

When you get insurance for your storage unit, the coverage will vary depending on the type of coverage you select and the location of the facility. In general, most storage unit insurance policies cover your stuff against many types of damage or loss. This includes damage from explosions, fire, lightning, riots, smoke and wind, as well as theft and vandalism.

Unfortunately, storage insurance often does not cover damage from floods, earthquakes or mudslides. You may be able to purchase additional coverage for these or other natural disasters, however. If you have high-value items, you may also want to look at purchasing extended or additional coverage limits.

How do I get storage insurance?

While it may be annoying or unexpected to have to pay for storage insurance in order to rent a unit from a storage facility, at least it’s not difficult to obtain. In fact, many storage facilities offer in-house insurance policies to their customers, meaning you won’t have to find or deal with an outside agency.

It is also possible to go through a third party for storage insurance, though this is usually only for instances where the storage facility does not offer in-house insurance options. You may also be able to use your own homeowners or renters insurance, though you may need to provide proof of insurance for this option.

When you’re looking for a storage facility with state-of-the-art climate control and drive-up units, contact A Plus Storage Corporation today for a wide variety of storage units at honest and affordable rates.

Categorised in: Storage Insurance, Storage Units