Storing items away from home can be convenient. However, it’s important to know how to protect them. Storage insurance is a way to ensure your belongings are safe even when they are not with you. This guide will help you understand what insurance for self storage units covers and what it doesn’t.
What is Storage Insurance?
Storage insurance is a policy designed to protect your items stored in a self-storage unit. It gives coverage for damages or losses that may occur while your belongings are in storage. This type of insurance can offer peace of mind, knowing that your valued items are protected.
What Storage Insurance Covers
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Theft
One of the basic benefits of storage insurance is coverage for theft. If someone breaks into your storage unit and steals your belongings, the insurance will help cover the loss. This is important because storage facilities can sometimes be targets for theft.
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Fire and Smoke Damage
Fire can cause significant damage to stored items. Storage insurance covers losses from fire and smoke. This means if a fire breaks out in the storage facility, your insurance will help you recover the cost of the damaged items.
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Water Damage (Not Floods)
Water damage from broken pipes or leaks is also covered by storage insurance. However, this does not include damage caused by floods. It’s important to check the specific terms of your policy to understand what kinds of water damage are covered.
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Vandalism
If someone deliberately damages your storage unit or the items inside, storage insurance will cover the cost of repairs or replacements. Vandalism can include broken locks, damaged furniture, or other malicious acts.
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Weather Damage
Certain weather events, like windstorms, can cause damage to storage units. Storage insurance often covers weather-related damages, such as items broken by strong winds or rain entering the unit through a damaged roof.
What Storage Insurance Doesn’t Cover
- Flood Damage – Most storage insurance policies do not cover flood damage. If the storage facility is in a flood-prone zone, you might need to purchase additional flood insurance. It’s important to ask the insurance provider about this when buying your policy.
- Pests and Rodents – Damage caused by pests, like insects or rodents, is usually not covered by storage insurance. This means if mice chew through your boxes or insects infest your belongings, the insurance will not cover the damage.
- Mold and Mildew – Mold and mildew can ruin items stored in a damp environment. Unfortunately, most storage insurance policies do not cover mold or mildew damage. It’s essential to take precautions to keep your storage unit dry and well-ventilated.
- Neglect – If the damage is due to your own neglect, such as improperly packing items or not locking the unit securely, the insurance will not cover it. Properly taking care of your stored items is crucial to ensure they remain protected.
- High-Value Items—High-value items, such as expensive jewelry, rare collectibles, or fine art, may have limited coverage. You might need to purchase additional insurance to cover these items fully. Always declare high-value items to your insurance provider.
SnapNsure – Secure Your Storage with Confidence!
At SnapNsure, we offer tailored insurance for contents in storage designed to meet your unique needs. Our coverage goes beyond basic protection and safeguards against theft, fire, and water damage. With straightforward terms and unbeatable customer support, you can stay easy, knowing your belongings are in good hands. Discover peace of mind today! Get a free quote now!
