Do You Need Self-Storage Rental Insurance?

Questioning if you really need that rental insurance to protect your items in storage? I mean, what can really go wrong. All of your things are locked in a climate controlled unit, so everything’s peachy, right? WRONG! No different than car insurance or homeowner’s insurance you want to keep your belongings safe, and storage rental insurance is a big part of that. If you are renting a self-storage unit, you need to be sure that you insure your items. Companies do not take the fall if damage is done to your storage unit during something such as a natural disaster. While you don’t think something like that can happen to you, sometimes Mother Nature has other ideas in store.

self-storage rental insurance risk vs insurance

Depending on the company and level of homeowner’s insurance you have you may be covered for items kept off site; however, this is not always the case. It is smart to check with your insurance company first to see what is covered under your insurance, and up to how much is covered. The average coverage often ranges from $1,500 to $50,000 (or sometimes 10% of your coverage limit). When asking your company for storage insurance you will need a detailed list of everything you plan to put away, this is where our tip from earlier in the month of keeping a checklist while packing becomes helpful! If your homeowner’s or renter’s insurance does not cover items kept off site be sure to speak with the facility you are renting from to see if they offer insurance – or can recommend a good insurance company.

If you are covered by your insurance agency always bring proof to the facility you are renting from, as most storage facilities require insurance before moving items into a unit. It would stink to be all packed and ready to unload your truck only to have the facilitator tell you that you need proof of insurance first. So, call up your company and double check with your facility to see what policies you may be provided with or may need. Also, discuss bundle deals with your insurance agency if you have not already done so. Handling all of this in the very beginning will be beneficial in the end, leaving behind unnecessary headaches and possibly outrunning Mother Nature.

While insurance may not be necessary for your facility, always double check and be prepared. You want to be sure you take every precaution to prevent anything terrible happening to your valuables. So, if you are wondering about insurance policies offered by Albuquerque Self Storage feel free to contact us and we will help you with a unit and policy today!