What Insurance Do You Need When Storing Personal Property In Self-Storage Units?

More and more people are turning to self-storage facilities to store all sorts of personal property, especially when moving. Do you know what insurance you need to protect your property while there?
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There are a few options to properly insure your stored goods:

Homeowners or Renters Insurance:  Your homeowners/rental policy may cover your belongings stored off-property for a short period of time and for up to a certain amount.  If you plan to store your property for a longer period of time, this next option might be a better choice.

Homeowners or Renters Insurance Rider: Many homeowners and renters insurance policies can provide an additional rider option to cover belongings stored off-premises.  A typical coverage amount is 10-20% of your total current policy amount. For example, if you have $300,000 of coverage on your home, you may get $30,000-$60,000 to cover storage unit contents.

Self-Storage Insurance: Most storage facilities offer insurance that you can purchase through them when you rent the unit. This coverage is designed for protection against common storage unit risks such as fire, burglary/theft, water damage, weather-related damage, and rodents/vermin. However, specifics can vary so make sure you read their coverage carefully to understand inclusions/exclusions.

Specialty Personal Property Insurance: Some insurance companies offer purpose-built personal property insurance policies ideal for self-storage situations. These allow you to insure the exact value of belongings in the unit.

Need help reviewing your insurance options to make sure your property is adequately covered while at a self-storage unit?  Call me today at 706-726-1446.

You might also be interested in checking these out:
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Does Homeowners Insurance Cover Moving?
Moving?  Check Your Insurance For Coverage