Storage Insurance: Do You Need It?
Although storage facilities often provide security features (such as fencing, lighting, gates, and cameras) to help keep stored items safe and secure, storage customers are ultimately responsible for the safety of their belongings in storage. Besides theft, it is important to be mindful of other potential risks such as fires, floods, storms, other natural disasters, and the damage they can cause to stored goods.
Many people think that self storage facilities insure items that their customers store there. But, this usually is not true. Many storage facilities require their customers to have self storage insurance for their stored items. Others, like San Clemente Self Storage, give you the option of either self-insuring your property or providing your own insurance. This means, that if something were to happen to your stored belongings, you or your insurance company would be responsible but not the storage facility.
Before signing up for storage insurance and moving your items into storage, it is a good idea for you to consult with your insurance agent. It’s possible that your homeowner or renters policy covers items in your self storage unit. Sometimes your homeowners/renters insurance will require a small additional premium to cover the items. Also, there are other insurance companies that offer insurance specifically for self storage customers. You may find that the self storage insurance is reasonably priced and offers a lower deductible than your homeowners/renters insurance. In any case, you should review all options carefully before signing your rental agreement.
If you still aren’t sure whether to purchase self storage insurance for your items, ask yourself the following questions:
Q #1: What does my current insurance policy already cover? Between homeowners/renters insurance, and auto insurance, you might find that household items as well as boats and vehicles that are in your self storage unit are covered.
Q #2: What kind of coverage is offered by the self storage facility? For example, does the policy cover natural disasters?
Q #3: What happens if an accident occurs while in storage? Under what circumstances will your items be covered?
Q #4: What is the deductible?
Q #5: When and why will the policy need to be updated? When adding or removing items?
Remember, too, to keep a detailed list of your stored items along with their value handy in case of emergencies.
In addition to making a list of the items you put in storage, take photographs of them.
The list and photos would be helpful in case you ever need to make an insurance claim.
You should especially take photos of all large or valuable items you are storing.
Keep the photographs at home or other off-site location, not in your storage unit.
Now that you are all set with insurance, you are ready to take the next step toward renting a storage unit. Just click on the Storage Tip entitled "Rental Process" which will guide you through the six steps of the self storage rental process. If you have any question, please give San Clemente Self Storage a call at 949-366-1133 and we will be happy to help you.
San Clemente Self Storage
170 Avenida La Pata, San Clemente, CA 92673