It’s not always easy to know what is and isn’t covered by an insurance policy. This applies to auto, health, home and life insurance. The line between what could be covered and what actually is covered is a frequent gray area for regular types of insurance.

Storage unit insurance is a bit different. In most cases, the storage company will require you to have insurance on the items you’re storing there. Even so, those policies may contain gaps. Here are the answers to some common questions regarding storage insurance.

What is storage unit insurance?

Storage unit insurance is an insurance policy that you can take out on any items you’ll be storing in a storage unit. You can typically buy a policy from the storage company itself, or from your insurance company.

If I have renters insurance, will that cover the items I’m storing?

You’ll have to check your own individual policy, but renters insurance will often cover items that are in storage, up to a point. Renters insurance will cover 10 percent of the value of your insured property.

For example, if your coverage limit for personal property is $100,000, it will cover up to $10,000 in stored property. Your premiums will likely go up if you file a claim for damaged items in storage, though, so keep that in mind.

Where can I buy storage unit insurance?

If you want to buy standalone storage unit insurance, you can usually purchase a policy through the storage company itself. It doesn’t hurt to shop around, though, as major insurance companies like GEICO, Nationwide, Progressive and USAA offer storage insurance that’s more robust than what most storage companies are likely to offer.

What’s covered by storage unit insurance?

Typically, storage unit insurance will cover various kinds of damage your belongings could be subjected to. This includes storm or wind damage (hurricane, tornado, lightning, hail), water damage, fire and smoke damage and theft. Some policies also cover damage incurred from explosions, riots or vandalism.

What isn’t covered by storage unit insurance?

Floods, earthquakes and mudslides will not typically be covered by storage insurance. In addition, if your belongings are damaged by vermin, mold, mildew or war, they won’t be covered by storage unit insurance.

Regardless of which policy you choose, check it to see if “missing items” are covered, as sometimes, if there’s no evidence of a break-in, the insurance won’t cover items that weren’t definitively stolen.

Are high-price items normally covered by storage insurance?

Your run-of-the-mill storage insurance policy won’t regularly cover big ticket items like jewelry, guns, antiques, watches or artwork. If you’re dead set on storing these expensive items, you should shop around for a more robust policy that can provide you and your valuable items with sufficient coverage.

Call to discuss your storage unit today

Now that you’re well versed in storage unit insurance, give us a call at A Plus Storage Corporation. We’re dedicated to providing you with a safe and spacious place to store your valued items at a competitive price.

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