Do You Really Need Self Storage Insurance?

You might find yourself lost in a grey area regarding whether or not self storage insurance is truly necessary. This confusion often stems from the assumption that your belongings are automatically covered by the storage facility or your existing homeowner’s or renter’s insurance policy.

In this blog post, we’ll demystify the world of self storage insurance by exploring what it is, how it works, and whether you truly need it. We’ll also discuss key factors to consider when making this decision, ensuring you have the right protection for your stored items.

What Is Self Storage Insurance?

Self storage insurance is a specialised type of insurance developed to protect your belongings while they are stored in a self storage unit. Unlike homeowner’s or renter’s insurance — which typically covers your possessions wherever they are — self storage requires explicitly tailored insurance for items stored away from your main residence.

Do You Need Insurance for Your Self Storage Unit?

Now that we understand what self storage insurance is, it’s time to ask the crucial question: Do you really need it? Let’s explore the benefits it offers:

Protection Against Loss

When you rent a self storage unit, you’re entrusting the safety of your belongings to another party while they’re stored. While storage facilities take their security seriously and have various measures in place to keep your items safe, accidents and unexpected events can still occur.

Self storage specific insurance provides a safety net for your possessions in case of theft, damage, fire, or natural disasters. And while your homeowner’s or renter’s insurance policy may offer some coverage for off-site possessions, it’s often limited and may not completely cover high-value items. this type of insurance provides more comprehensive coverage tailored specifically for your stored belongings.

Legal Requirements & Facility Policies

Beyond just the great protection it offers, there are practical and legal reasons to think about getting adequate insurance for your self storage unit. Some self storage facilities may need their tenants to have insurance as a requirement to rent any unit. This condition is in place to protect both you and the facility in case of unforeseen events.

Even if insurance isn’t legally required, many storage facilities strongly suggest you take out storage insurance. They understand the value of protecting your possessions or business assets and may have partnerships with insurance providers to make getting coverage easier and more affordable.

Peace of Mind

One of the best advantages of having insurance for your self storage unit is the peace of mind it brings. Life is unpredictable. In case of an unexpected incident, such as a break-in or a fire at the storage facility, financial loss is the last thing you want to worry about. Insurance allows you to focus on what matters most during challenging times.

Are Storage Units Insured by the Facility?

When you decide to rent a storage unit, you might assume that the facility automatically provides insurance coverage for your belongings. However, that’s not always the case. The truth is that whether or not the facility insures storage units varies from one place to another.

How Does Insurance Work at the Self Storage Centre?

The Self Storage Centre offers a great deal on insurance for your stored items to ensure a smooth and stress-free experience when using self storage.

How Does It Work?

It’s better to be safe than sorry when it comes to the security of your cherished possessions. Our insurance covers the building in the event of any catastrophe; your insurance will cover your possessions. If an accident happens, our staff will assist you through the insurance process so you get your compensation as quickly as possible.

How Much Is Insurance?

The price of self storage insurance depends on the total replacement value of your goods if you had to repurchase them today. Our insurance starts from £2.00 per week for £2,000 of cover and goes up depending on the level of cover that’s right for you.

As a guiding point, our average customer tends to take £5,000 to £7,000 of insurance cover at £4.00 to £6.00 per week. Our team of self storage experts will be on hand to work out a personal quote for you.

Other Insurance Options for Goods in Storage

You can take out your insurance policy independently from The Self Storage Centre, but it must cover all goods being placed in your unit. Most household insurance will not cover your possessions in a self storage facility, so please study the terms of your insurance and provide us with proof of your coverage if you are not using ours. It is also your responsibility to keep your insurance documents valid at all times when you store with us.

At The Self Storage Centre, we offer a seamless and convenient one-stop solution for all your storage needs. You’re simplifying the process by choosing storage and insurance through the same provider, so you won’t need to coordinate with multiple companies or worry about compatibility issues between your storage unit and insurance policy.

Contact us today if you have any further question.