Storage units are extremely handy when moving, downsizing, or housing extra belongings that are taking up too much space in your home. People often use self-storage units to store valuable items that are too precious to let go of but not practical to have around on a daily basis.
If you’re going through all the trouble of finding a self-storage company
, hiring movers to help you transfer your belongings and paying the monthly rental fees for a unit, you want to make sure your items are protected. When you sign up to rent a self-storage unit, you may be offered the option to purchase insurance. Here’s why you should strongly consider adding it to your rental package:
- Home insurance doesn’t cover storage units
Some people think their home contents insurance will cover their belongings in a self-storage unit, but this usually isn’t the case. An insurance company will claim responsibility for items you have on your home property, but once you store them remotely, insurers have no stake in them anymore.
Some home insurance companies will offer 90 days of coverage
on items stored outside the home. This would apply to self-storage units, meaning you don’t need to take out extra contents insurance if you’re only renting a unit for three months. If you’re renting for longer than that, then you should consider a separate insurance policy for your storage unit items.
If you’re renting a storage container and keeping it on your property (for example, putting it on your driveway to hold materials during home renovations), this is covered by home insurance. This is because the unit is at your actual home instead of being remote.
- You’ve gone through all the trouble
You’re investing a lot of time, money, and energy in taking your items to a self-storage unit. Insurance protects this investment and gives you confidence that it’s not for nothing should an emergency take place.
There’s no worse feeling than working hard and putting energy into something, only to have it all wiped away. Whether it’s carefully arranging furniture in your living room only to find out it’s the wrong setup, it’s a tough pill to swallow to have to go back to the start. If anything happens to your belongings while in a self-storage unit, then you don’t even have that option. Insurance prevents you from being left with nothing should the worst happen.
- The responsibility is on the renter
Many people who rent a self-storage unit assume the storage company is responsible for the safety and condition of their items. After all, they’re paying monthly rent to keep their items stored. They’re shocked to find out that many self-storage companies don’t include content insurance in their fees.
If you’re looking for a self-storage company and are chatting with a sales representative, they should impress upon you what your liabilities are and what options for coverage are offered. A good self-storage company will go the distance to make sure their customers are fully informed on what they’re agreeing to.
Add insurance through your storage provider
You can either take out insurance for your self-storage unit through an insurance broker or the self-storage facility itself. It’s generally cheaper and easier to purchase insurance through the facility. They most likely have a pre-existing agreement in place with their own insurance brokerage that favours volume. This means insurance will be cheaper for you, the purchaser.
You’ll also be able to add on insurance as a value-add option while taking out your unit, negating the need to call up a brokerage on a separate occasion. The storage facility will also have your insurance information directly on file, making it easier to bring up if needed.
When looking for a self-storage facility to entrust with your belongings, go through a checklist to see if they offer necessary features:
- 24/7 security, preferably with a gated driveway
- Climate control in each unit to prevent mildew and degradation
- Concierge staff to check in each visitor
- Positive renter reviews
- Location - is it a feasible distance from where you live?
- Accessibility - can you enter and check in on your unit round the clock?
- Building cleanliness and maintenance
Self-storage facilities can be a lifesaver when you’re moving, dealing with an inheritance, or simply have too much stuff at your home. Good storage units give you convenience and peace of mind, knowing that your belongings are well protected in an ideal environment to prevent mould, flooding, or damage. Enhancing that peace of mind with insurance makes sense.
If you’re taking out a storage unit, you clearly care about what you’re storing and want to see it protected. Home insurance won’t cover what you store in a self-storage unit, so inquire about contents insurance policies for your belongings being stored remotely.
Abacus Self Storage
is conveniently located in Richmond Hill and offers premium units for all your storage needs. Call (289) 807-1033 or visit our contact us here
to learn more about our services.
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