What is Storage Unit Insurance? Your home is where you keep your stuff and in the process, you are getting more stuff to come back to keep in your home. The only problem is that there will come a time when the stuff you have can no longer be contained in the house you have which makes many people go for storage. But getting a storage unit can be risky that is why we are taking a look today at what storage unit insurance is.
In order for you to keep your things in a storage unit and have the peace of mind that you require many people usually go for storage unit insurance. The storage unit insurance is basically to protect every item in their storage unit so that they can live in peace without thinking of it with his going to get. So today we are going to look at what storage insurance is and everything you need to know about it.
What is a Storage Unit Insurance?
If you own a storage unit in any of the storage facilities he will know that one of the major disadvantages is that they are basically prone to test vandalism and even bad weather conditions. Therefore the only way to combat such threats to your valuable possessions in your storage unit is to go for insurance coverage for them. This is what is called storage unit insurance which is the policy that covers the items in your storage unit.
But someone will be thinking that I already have home insurance why do I need the storage unit insurance which is a very good question. The answer to this question is that homeowners insurance does not usually cover items that are off-site and are not in your house. This means that the items in your storage unit are probably not covered by your normal home insurance policy.
Does renters insurance cover storage units?
If you have renter’s insurance this insurance is going to cover only about 10% of your belongings if they are in a storage unit it is not going to cover the entire storage. However, this insurance can only cover them as long as the facility they are in does not exclude the items from the list of items in the storage unit.
But in some cases where your home is unfit to be inhabited like when you are making renovations to your home, your insurance policy can cover items in a storage unit. All the items in your storage unit will be temporarily covered in full as long as your home is inhabited as a result of any type of renovations going on in your home that makes it to be inhabited.
Do storage units have their own insurance?
It is traditionally required that self-storage should have their own insurance and this is why storage companies usually offer storage insurance for people looking to keep their items in their storage unit. However, the coverage offered by the storage unit is usually not comprehensive one to those that are offered by insurance companies. This is why it is important to go for an insurance company to cover your storage unit.
What Does Storage Unit Insurance Cover?
Not everything is covered by your storage unit insurance which is why you need to know the items that are covered and what are not covered. Below I have listed all the items that you have coverage for when you go for storage unit insurance:
- Fire
- Lightening
- Wind
- Smoke
- Vandalism
- Theft
- Falling objects
- Weight of snow or ice
These are the damages that are taken care of by your insurance coverage on your storage unit. Anything outside this does not have coverage and probably replace it on your own.
What Does Storage Unit Insurance Not Cover?
There are certain types of damages that are not covered by your storage unit insurance policy and some of them are listed below:
- Water damage such as water backup
- Earthquakes, tremors, sinkholes, and mudslides
- Mold and mildew
- Power failure
- Neglect
- Intentional loss
- Insects and rodents
- Poor maintenance and upkeep
- Wear and tear
How much is the storage unit insurance?
Storage unit insurance does not seem to cost much at all this is because you are not insuring everything that you own. In a storage unit ensure that it is only the things or items that are in your storage unit that is covered so you do not have to pay. A typical cost of storage unit insurance is from $8 to $38 for our insurance coverage of 10,000 dollars which is small compared to other types of insurance.
Where Can You Buy Storage Unit Insurance?
Most insurance companies also offered storage unit insurance as long as you already have a policy this might be easier for you to get storage unit insurance. The first thing we want to do is to simply shake what coverage you already have covers to know if there is a storage unit coverage in there. If there is not you can simply contact your insurance company for 2-hour storage unit coverage to your policy.
Do I need insurance for my storage unit?
The storage unit is I want is for everybody especially those that have valuables in their storage unit. As a matter of fact storage units I usually thrown to theft vandalism damages of all sorts is one of the major reasons you need a storage unit is. So if you do not want to include thousands of dollars worth of damages to your properties in the storage unit then you definitely need storage unit insurance.
Another reason why you need a solution in insurance is the fact that most storage unit companies usually require you to have insurance make use of theirs. It is for your own protection and benefits so you basically need a storage unit it is as long as you have valuables in the storage unit somewhere.
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