How To Insure Your Belongings In Self Storage
Most people decide to rent self storage because they are out of room in their home, and want to hold onto some valuable items. The clearly are concerned for their items being put away in storage, but many people skip the important step of making sure those items are insured. Even though a facility offers a storage unit that is secure, there are many things that can happen to your belongings while inside one. Make sure you are covered with proper insurance in case something goes wrong.
Extend Your Renters Or Homeowners Insurance Protection
You may not have thought of it, but there is a chance that your existing renters or home insurance will cover all of your belongings that are held in self storage. Make sure to research it before you assume anything, as your coverage of those items may not be exactly as if they were stored within your own home.
Some policies will cover items in storage, but you can only use a very small percent of your policy's value toward the replacement of those items. While most people will not have an issue with this, it may only be a concern if you are storing very valuable antiques or collectable items in storage.
The same type of policy that you have in your home will extend to your belongings in self storage. This means that if you do not have flood insurance for your home, you will not be covered if your storage floods.
Purchase Insurance From The Self Storage Provider
If you do not have an insurance policy that covers a storage unit, you can always purchase additional insurance from the company you are rending with. One thing to be aware of is that these policies are very limited in what they will cover. Do not expect to be able to insure cars, coins, jewelry, or other high value items.
The main benefit of using insurance from a storage provider is if you have a lot of things in storage, and your home or renters insurance just will not cover it all. Limited policies from the storage provider work great if you are protecting many things that are not worth much in value.
Get Double Coverage
The best way to ensure that you are protected is to get double coverage from both your home insurance provider, and the storage facility. It will keep all your bases covered in the event of theft or a natural disaster.
Talk to places like Fidelity Moving & Storage Co Inc for more information.