What is Self Storage Insurance?

Posted on 2018-07-31 in Blog

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If you’re a Storage Solutions customer (past or present) or follow our blog, you know that we place the utmost importance on the security of your belongings. Given the time, money, and effort you put into moving your belongings to a self-storage facility, you want the peace of mind knowing that they’re safe, secure and protected under any circumstances. 

Like homes and businesses, there are certain unfortunate circumstances that can occur at a self-storage facility, such as fire, flood, and other extreme conditions. If any of these events were to occur:

  • Are your stored items protected? 
  • Who is responsible for the damage and loss? 

When it comes to insurance coverage for your belongings in self-storage, things can get a little hazy and unclear. But rest assured, we are here to help explain it all!

It may surprise you to find out that personal property stored within a self storage facility is not covered by the facility for loss or damage.  

This leaves many customers wondering whether their homeowner’s insurance or tenant’s insurance policies extend to cover their belongings while in self-storage. The best way to answer this question is to ask your insurance provider.

In our experience, very few homeowner and tenant insurance policies will extend to belongings stored offsite or they will only provide a 30-day window once your belongings are offsite. If you're one of the lucky ones whose policy does extend, we encourage you to confirm the following with your insurance provider:

  • The array of events you are covered for (and not covered for).
  • The amount of coverage you have.
  • What stored items are covered as these extensions often come with many restrictions.

If your insurance policy will not extend to your self storage unit, don’t stress! You can get stand-alone self storage insurance. Some local self-storage facilities, like Storage Solutions, offer content insurance for your belongings while stored onsite. And, there are 2 key benefits to using the content insurance offered by your self-storage facility:

  1. Separate Policies
    • Any claims that you file will have no effect on your homeowner or tenant policy which could raise those premiums.
  2. Lower Costs
    • It’s often also cheaper to purchase self storage insurance through your self-storage company rather than extending your homeowner or tenant insurance policy.

Self-storage insurance is a great idea if you want or need that extra layer of protection for your belongings while they are stored away from you. Whether your current insurance policies will not extend or if you want a separate policy, Storage Solutions offers options that will give you the peace of mind you need.

Contact us to learn more about how we can help you protect your stored belongings with self-storage insurance.

Your friend in self-storage,

Storage Solutions