There are multiple reasons why people put their personal
items in storage but there are also those horror stories you hear about items
going missing or being damaged. Now,
before you go out and start buying storage and storage insurance contact your
Home Owners/ Renters Insurance Company and see what your policy already covers. Here are some helpful tips to keep in mind!
- On average many insurers typically limit the “off-premises” coverage for items to 10-15% of the overall amount of coverage they have, you may need more!
- Homeowner policies have internal caps. Example: Cap of $1,000 on jewelry
- If you don’t have renters or homeowners insurance that covers stored items shop around at various insurance companies and get quotes!
- See what various policies cover what in case of theft or weather-related events. Most storage facilities make you sign a waiver stating they are not responsible for lost or damaged items.
- Make a list of what you put in the storage unit!
