What is Storage Insurance

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Many storage companies provide self storage insurance to provide peace of mind to customers who want their items protected. While storage units are often under 24-hour surveillance and monitoring by security guards, it’s still important to protect those high-priced goods that can’t be replaced. Most storage facilities offer insurance as an option with any storage unit purchase.

Benefits of Storage Coverage

If you want to protect priceless heirlooms or incredibly valuable items that you can’t store in your house, you should seriously consider┬ápurchasing storage premiums. With this added amount of security, you can feel safe about storing these items away from home and receive protection if anything should go wrong. Most storage rental insurance is very cost effective and relevant to the price of the valuables that you are insuring.

For Trucks and Boats

It’s essential to get any higher valued items and vehicles covered before purchasing a unit. You never know what can happen, and while storage units are secure, there are still natural disasters. If your storage unit is outside, it’s also a good idea to prevent damage from the elements. With a secure storage facility, you may not need as much insured, but it’s important to check the value of your items and also question the security of a storage unit before purchase.

What Storage Rental Insurance Covers

Most storage rental insurers will cover damage caused by fire, smoke, lightning, hurricane, tornado, wind, burglary, hail, earthquake, building collapse, explosion, vandalism and leaking


What Storage Coverage Doesn’t Cover
water. In some cases, pests are also covered particularly if you are purchasing an inside storage unit with climate control. Some facilities also don’t provide help for damage caused by floods, mildew or rust. You must provide significant proof before completing your claim if any of these issues befall your valuables while in a self storage unit.

Insurance covers a variety of items, but some facilities won’t cover jewelry, currency, deeds and documents, works of art, antiques, securities, stamps, watches, precious stones, furs or financial records. In other cases, they won’t cover large vehicles and boats. This is particular to the storage facility, which means that it’s imperative to check before you purchase any type of premium what is actually covered. If you have specific items, make sure that you get it in writing before purchase.

Exclusions by State

The full policy is subject to local and federal laws, which means that policies may differ from state to state. You should always read a policy before purchase and keep a copy at home. In some cases, storage facilities will not cover items that are already insured by another company. You should check with your company to see if they provide storage rental policies, which may cover higher valued items.

Finding Storage Facilities that Insure

Many companies offer this service with the full policy and exclusions online. You can read about items that aren’t covered and see all of the damages allowed just by going online. Others are only by request, but you can call ahead to ask about a particular storage facility’s policy.

Storage facilities offer some great deals on getting your items insured. You never want to place your items fully in the hands of others. By insuring your valuables, you protect yourself from a variety of damage and loss possibilities while also keeping your peace of mind with higher valued items being kept away from your home.