Self Storage - A Guide To Storing Your Stuff - Is Insurance Needed?
When renting a storage unit, the first item on your storage to-do list should be to find out whether or not you need insurance to protect the possessions you're storing.
Even if you take care when packing and loading the storage unit, this won't help against a natural disaster or problems that occur to adjoining units.
Of course, check with the storage facility about this, but in most cases, the storage business does not have insurance for the items stored in their storage units.
And when you first moved in, most likely you signed or initialed a contract stating that you are either solely responsible for the items you store or you have insurance and that you will hold the storage business harmless in case of loss.
Loss means anything that happens on that property that causes your stored items to be damaged.
If you have valuable possessions in storage, it's worth your while to have insurance just in case anything does happen.
Ask your insurance agent if your home, renters or auto insurance will cover possessions you own and store in other places.
There is a very small chance you're covered against self storage losses already and it's worth calling your agent.
The self storage facility you're using probably will have a list of insurance companies or agents for you to check with if you don't have a personal insurance agent.
If you aren't covered, we strongly recommend insurance because you never know what may happen.
Your self storage neighbors may be breaking the law and rules by storing hazardous items such as gasoline or chemicals and because of their close proximity to you will cause harm if something blows up or catches fire in their unit.
And Mother Nature can cause all kinds of havoc that could also destroy your possessions.
Pretend for a moment it's 6 months into the future and a major downpour flooded the self storage unit you're renting and destroyed your uninsured belongings.
Wouldn't you be angry at yourself for not getting insurance? Not only will you be experiencing the loss, you'll also have the job of disposing your ruined possessions.
The likelihood of something happening probably is remote but for just a few dollars each month you can have peace of mind knowing you'll be reimbursed for your possessions in case something should happen that's completely out of your control.
Get insurance now for your peace of mind, it's better to be safe then sorry!
Even if you take care when packing and loading the storage unit, this won't help against a natural disaster or problems that occur to adjoining units.
Of course, check with the storage facility about this, but in most cases, the storage business does not have insurance for the items stored in their storage units.
And when you first moved in, most likely you signed or initialed a contract stating that you are either solely responsible for the items you store or you have insurance and that you will hold the storage business harmless in case of loss.
Loss means anything that happens on that property that causes your stored items to be damaged.
If you have valuable possessions in storage, it's worth your while to have insurance just in case anything does happen.
Ask your insurance agent if your home, renters or auto insurance will cover possessions you own and store in other places.
There is a very small chance you're covered against self storage losses already and it's worth calling your agent.
The self storage facility you're using probably will have a list of insurance companies or agents for you to check with if you don't have a personal insurance agent.
If you aren't covered, we strongly recommend insurance because you never know what may happen.
Your self storage neighbors may be breaking the law and rules by storing hazardous items such as gasoline or chemicals and because of their close proximity to you will cause harm if something blows up or catches fire in their unit.
And Mother Nature can cause all kinds of havoc that could also destroy your possessions.
Pretend for a moment it's 6 months into the future and a major downpour flooded the self storage unit you're renting and destroyed your uninsured belongings.
Wouldn't you be angry at yourself for not getting insurance? Not only will you be experiencing the loss, you'll also have the job of disposing your ruined possessions.
The likelihood of something happening probably is remote but for just a few dollars each month you can have peace of mind knowing you'll be reimbursed for your possessions in case something should happen that's completely out of your control.
Get insurance now for your peace of mind, it's better to be safe then sorry!
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