You may assume that your self storage facility automatically carries insurance on your items in storage. Truth is, our property insurance does not cover your belongings.
Most self storage facilities insist that you have insurance coverage – we do not. Either way, it makes sense to put adequate coverage in place. Don’t be lulled into a false sense of well-being just because the facility you’ve chosen has implemented good security measures or has a smoking ban on site. Your items are technically out of your hands in self storage and, although the facility may be doing everything it can to avoid theft, they can do little against accidents and damage caused by fires, storms, and other natural disasters.
We offer tenant insurance free for your first month of storage; after that, it’s up to you to decide whether or not you’d like to continue that coverage, though we recommend that you do.
What to do About Insurance Before Renting a Storage Unit
It is recommended that you check your insurance options carefully before signing your storage rental agreement and placing your items into self storage.
Contact your homeowner/renter insurance agent to see if the items placed in the self storage facility will be covered by your current policy. It may be that you are fully covered for items stored away from home or you may be able to pay an additional premium to get such coverage.
Determine if you should purchase a separate insurance policy. If you do provide your own insurance coverage, be aware that the self storage facility you choose may ask to see proof of your policy before renting you space.
If your storage facility does not require that you purchase insurance, then the choice is yours. Before deciding, ask yourself these questions:
- Are my items already covered under my current insurance policy? This would include vehicles and boats as well as household items.
- Does the self storage facility offer any type of coverage?
- If an accident occurs and the facility is at fault, will my items be covered?
- If a natural disaster occurs, will my items be covered?
- Has the self storage facility had many claims made by other renters?
- Will the policy need to be updated each time an item is added or removed from storage? Be sure to keep a detailed list of what is in your self storage unit and its value.
- Are the items being stored of high monetary or sentimental value? If so, it may be worth the extra cost to rent a climate controlled storage unit.