The Skinny on Storage Insurance


""

Renting a storage unit is a great way to safeguard certain valuables and everyday items. From storing computer equipment to keeping holiday decorations out of the way in the off-season, self storage protects your belongings from theft and the elements in Cold Spring, KY. Even the best-protected facilities aren’t immune to exterior hazards, but storage insurance adds another layer of protection for your household goods.

Should you buy insurance for your stored items?

Some facilities require customers to carry storage insurance. Even if you aren’t obligated to buy it, a separate policy can help you replace items lost to fire, smoke, plumbing leaks, burglary, vandalism, and many types of weather events. Often, home insurance policies provide at least some coverage for belongings kept in self storage. However, policy provisions vary, so check with your insurer. Also, most homeowners’ and renters’ policies provide a low level of coverage for items kept in storage units. If you’re storing a lot of belongings, consider covering them with an additional policy.

What isn’t included in my policy?

Coverage varies widely by insurer and region. While thefts and vandalism are usually covered if there is evidence of a break-in, some natural disasters and other weather events may not be included. Flooding is so prevalent in many parts of the country that affordable coverage for this type of damage may be hard to find. In addition, you may not be able to insure some of your more valuable items. Unlike home insurance, policies for items in off-site storage often have exclusions for fine jewelry, expensive artwork, and financial documents. Vehicles are not usually covered, so you’ll most likely need auto insurance for your car, truck, motorcycle, or RV. However, a few storage insurance companies do provide auto policies, so it never hurts to ask. If you plan on storing your vehicle for a long period, you can probably get a much cheaper rate until you start driving it again.

Self Storage in Cold Spring, KY

If you appreciate the security and convenience of a storage unit, you’ll love the peace of mind that comes from insuring your stored items in Cold Spring, KY. Make sure your belongings are adequately covered by checking the details of your home insurance policy. If not, a separate policy for the contents of your unit may be in order. Compass Self Storage does not offer this type of insurance, but we do provide customers with reliable storage. Contact us today or reserve a unit online.

 

Share