Storage units are a convenient way to store your belongings, whether you are moving, downsizing, or just need some extra space around your home. But what happens if your items are damaged, stolen, or lost? This is where storage unit insurance comes in. In this blog post, we will explore the various options for storage unit insurance and help you make an informed decision.
What is Storage Unit Insurance?
Storage unit insurance is a type of insurance policy that protects your belongings while they are stored in a storage unit. Most storage facilities offer insurance, but it is not mandatory. Without insurance, you will be responsible for any damages, losses, or theft that occur.
Types of Storage Unit Insurance
1. Insurance provided by the storage facility –
Many storage facilities offer insurance, which can be added to your monthly rental fee. This insurance typically covers damages or losses caused by fire, theft, or water damage. However, it may not cover certain types of items, such as jewelry, antiques, or collectibles. It is important to read the policy carefully and ask questions to ensure you understand what is covered.
2. Homeowners or renters insurance –
Your homeowners or renters insurance may provide coverage for items stored in a storage unit. This is known as off-premises coverage. However, this coverage may be limited and may not cover certain types of items. Additionally, filing a claim may affect your premium or deductible.
3. Insurance from a third party service –
There are companies that specialize in storage unit insurance, such as MiniCo Insurance Agency, LLC or Storage Insurance USA. These companies offer policies that can be customized to fit your specific needs, including coverage for high-value items. However, these policies may be more expensive than insurance provided by the storage facility.
Factors to Consider
There are several factors to consider when choosing a storage unit insurance policy, including:
- Type of Items You are Storing: Some insurance policies may not cover certain types of items, such as jewelry or antiques.
- Value of Your Items: Ensure that the policy you choose covers the full value of your belongings.
- Premium: To find the best value, compare the cost of different policies.
- Deductible: Consider the deductible amount and how it will affect your out-of-pocket expenses.
Contact USA Self Storage Today
Storage unit insurance is an important consideration when renting a storage unit. Consider the value of your items, the type of items, the deductible, and the premium when choosing a policy. By taking the time to research and compare your options, you can ensure that your belongings are protected while in storage.
Are you looking for a safe and secure location to store your personal belongings? Locally owned and family managed, USA Self Storage is the perfect solution for you! We have locations all over central Arkansas and video surveillance to keep your belongings safe. Here at USA Self Storage, our contracts are flexible, meaning you can pay month-to-month. Contact us at 501-701-0707 to get your storage unit set up today!