Insurance

Archive for July, 2009

Self storage insurance is something that a lot of people either don’t know about or assume that they are automatically protected. The truth is that the scenario is different with every storage location, so there are a few important facts to always keep in mind. Here is a quick introduction to self storage insurance, what it is and how you can make sure that you are protected.

Self storage insurance provides the same type of coverage that you get with renters insurance or home owners insurance. You are essentially a tenant of that unit because you are renting it and keeping your possessions in it. The key thing to remember is that you are not automatically covered, just because you are renting a storage space. Most storage facilities will have some very basic coverage such as flood and fire insurance, but it may not provide you with enough coverage to replace your items. More importantly, this isn’t always the case.

It can be difficult to decide how much insurance you need for your self storage unit and a little bit of research needs to be done in order to find the answer. The first thing that you need to do is talk to the company or person that owns your self storage unit. This will let you know if there is any insurance that you get automatically. If you do, it will probably be very basic coverage such as fire and flood. By knowing what insurance you will get automatically, you can make sure that you purchase as much additional coverage as necessary, without paying for coverage that you don’t.