Daily Life

A Quick Guide to Storage Unit Insurance

If you are looking for storage units in San Francisco, CA right now, then you must have several valuable items you care greatly about. You not only want a safe, secure, and possibly climate-controlled self-storage unit, but you want to know that your assets are protected in case of an unforeseen event.

Many people believe that a storage facility with property insurance will also cover their stored items – this is false. Storage unit insurance is something that you, the renter, must purchase. With the right storage unit insurance, your valuable belongings will be covered in the event of damage or loss.

Keep reading to discover more about how storage unit insurance can help give you peace of mind for your valuable belongings.

If you have or are thinking about renting a storage unit, then you may have heard about storage unit insurance. Here is everything you need to know.

Reasons to Get Storage Unit Insurance

It’s hard to imagine wanting to purchase the best storage unit insurance for your belongings if you don’t have a reason to. If you are still undecided, don’t worry – we have enough reasons ahead to steer you in the safest direction possible.

1. Extreme Weather

Depending on what region of the world you live in, you may be forced to deal with potentially extreme weather. Weather events may include hurricanes, floods, fires, and earthquakes that can damage your valuable belongings.

2. Loss by Theft

A storage facility with good security should be on the top of your list. Ask every facility you are looking to do business with what kind of security they provide. Is the facility gated and surveyed by cameras remotely? Is there security personnel on-site 24/7? Are their indoor storage units available?

3. Protecting Valuable Items

Whether the items you are storing contain a sentimental value or high monetary value, they should be protected for you by getting storage unit insurance.

4. Your Storage Provider May Require It

Simply put, some storage facility owners will require that you purchase storage unit insurance before doing business with them. This not only protects your items but their business as well.

Know What Insurance Type You Need

Don’t think that you are limited to only a few insurance types. The first entity you should contact is your current insurance provider. Some insurance providers will allow you to use your homeowner’s insurance to cover the items in storage.

If your current insurance provider enables you to use your homeowner’s insurance, you may still have to pay a small fee for additional storage unit insurance. In addition, some storage facilities will require a declarations page to be filled out showing that your homeowner’s insurance is covering your items outside of your home.

Maybe your insurance provider doesn’t offer the correct type of solution for you, that’s okay. You can see more here regarding storage unit insurance. Never hesitate to ask the owner of the storage facility of your choice about other options they may have available to you. 

Self-Storage Insurance Rates

Of course, you will want to know about the available insurance prices you may be paying. The cost of your insurance will depend on your current location and the value of your items. Storage unit insurance should not be costly, either.

The average cost of $5,000 worth of coverage usually starts at around $16 per month. If you add additional coverage such as liability or flood, the price goes up. Don’t sign anything you are unsure of, and always do further research if needed.

Don’t Pass on Storage Unit Insurance

If you are still planning on renting a self-storage unit, you need to protect your belongings with storage unit insurance. Purchasing storage unit insurance is the only way to guarantee the safety and value of the items you care about most. Not to mention avoiding paying out of pocket if damage or loss occurs.

Don’t be afraid to contact an insurance agent for further assistance when choosing storage unit insurance. They will be more knowledgeable on where to find the best deal for your specific storage needs.

Feel free to share this article with your team or other colleagues if you found it helpful. We’ll keep working to provide you with the best information possible for your insurance needs.

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