Do I Need Storage Insurance?

While storage facilities take steps to protect your belongings, accidents and unforeseen events can happen. That’s why it’s a good idea to consider purchasing storage insurance to protect your belongings while they’re in storage.

Here are some reasons why you might need storage insurance:

  1. Your homeowner’s insurance may not cover storage:
    • Some homeowner’s insurance policies may include coverage for items in storage, but this coverage may be limited or not applicable at all. It’s important to check with your insurance provider to understand the extent of your coverage.
  2. Storage facilities may not be liable for damage:
    • Storage facilities typically have liability insurance to cover their own property, but they may not be liable for damage to your belongings. They may have disclaimers in their rental agreements stating that they are not responsible for damage to stored items.
  3. Protection against theft:
    • Storage insurance can provide coverage in the event of theft. While storage facilities typically have security measures in place, such as surveillance cameras and gated access, theft can still occur.
  4. Protection against damage:
    • Storage insurance can provide coverage for damage caused by fire, water damage, or other unforeseen events.
  5. Peace of mind:
    • Storage insurance can provide peace of mind knowing that your belongings are protected while in storage.

When considering storage insurance, be sure to shop around and compare policies to find one that best suits your needs and budget. Some storage facilities may offer insurance options, but you can also purchase insurance through a third-party provider.

In summary, while storage insurance is not always required, it can provide valuable protection for your belongings and peace of mind while they’re in storage.