A lot of homeowners and people in general assume that companies that provide self storage automatically offer insurance for the goods and possession in storage. However, it may come as a surprise but this is not necessarily the case. In fact, there are only a handful of service providers that offer full and comprehensive self-storage insurance that is well within the rental charges that you have paid. And if you do find a company that offers just that, you will probably find out that you are actually paying extra on rental charges to cover for such cost. Although there may be some companies that offer the basic coverage usually based on the package rates. This becomes a major concern if you plan to store some highly valuable possessions in storage such as antique pieces. If this is the case, then it is highly recommended that you conduct some background check on the self storage insurance options available before contracting any service.
The very first logical step that you would want to do is to contact your home insurer to discuss what items that you plan to place in the storage facility that can be covered in the domestic contents policy. It is possible that all your possessions can be covered or you may have to pay extra premium just to avail of such coverage. If this would be the case, then you may save a considerable amount instead of getting a self storage insurance. Just be aware that for such circumstance, your service provider may require to see your policy to ensure your possessions are adequately covered.
There are some companies that offer insurance coverage and others already have them in place and may even insist that you get their policy before you can be able to rent a unit. In such circumstances, you are required to give your service provider to give the full inventory of the valuables that need to be insured or create one that would best suit your requirements and specifications. So the key factor that you need to keep in mind here is your insurance will need necessary changes should you decide to remove or add from the self storage facility. Insurance are definitely not something that you need to overlook and making extra arrangements is key to providing you peace of mind. Insurance coverage include flood, theft, fire, and even insect infestation.
While storage facilities are fairly secure, the companies do not take full responsibility for the safety of your possessions. So make sure to require and make arrangements for self storage insurance.
