Park Insurance has designed a low cost flexible approach to self storage insurance. Did you know that many self storage companies do not provide self storage insurance for your household and domestic goods in their storage facilities?
Many of the self storage companies that offer their own insurance tend to be expensive. We offer independent low cost and flexible insurance cover for all of your precious household and domestic goods. Our self storage insurance policy is highly competitive and designed specifically to cover goods in storage. It’s completely flexible, which means we can tailor-make it to suit your specific needs, and at a very reasonable price.
Why is there a need for customer self storage insurance?
The answer is relatively simple, a customers stored property is not insured by the self-storage facility. Therefore, it is each customers responsibility to insure his or her stored goods.
Why Self-Storage Insurance Might Be Right for You
Though your home or business may have contents insurance, if you’re storing some of your personal property elsewhere to the location stated on the policy, your insurance may not cover those items.
Self-storage insurance companies understand the importance of protecting the items you place in storage. Whether you’re moving house and need to store certain belongings while you’re in temporary rented accommodation, need somewhere to store collectables or items relating to your hobby, or have equipment and gear relating to your business that you can’t store on the premises – a storage unit is a neat solution.
But if something should happen to them while they’re in storage, it doesn’t fall on the unit owners to deal with your losses. If you can’t personally shoulder the costs of replacing the items you have in storage, it’s a great idea to take out storage unit insurance to protect your goods. Make sure you carefully discuss the level of cover you’ll require and be aware that for some items, an insurer will only cover up to a set value.
Should the unit flood, receive structural damage that impacts your items, if your unit is broken into and your belongings are stolen, or if your belongings are damaged by vermin, smoke, or the criminal activities of others, your insurance cover will be ready to deal with your financial losses.
Some storage facilities will offer insurance as an add-on but be aware that this is likely to be the more expensive option for you.
What Type of Belongings Can’t Be Covered?
Make sure you discuss with your insurer exactly what you’ll be storing. Typically, you’ll be able to receive cover for most home and business-related items, but you won’t receive self-storage unit insurance cover for money, flammable goods, foods and other perishables, live animals, or any illegal items.
Most often, vehicles will not be covered as standard either, but you should be able to take out a separate policy for insuring a stored vehicle.
What are the benefits of insuring with Park Insurance?
- We provide you with a specialist and comprehensive insurance cover
- Immediate cover is available
Insurance storage tips
- Protect all of the items you place in storage.
- Keep your boxes off the floor.
- Place heavy plastic sheeting over your property. Do not seal everything in bags where there is a possibility of mildew. Buy and keep DRI-RID or some other moisture absorber in the unit.
- Place electronics in the rear of the unit.
- Pack glass items in the rear of the unit.
- Do not store valuables (things like jewellery, furs and money) in the unit. YOUR STORAGE UNIT IS NOT A VAULT.
- Unless you are renting a climate controlled unit, do not store items that may warp or be susceptible to temperature or atmospheric changes.
- Do not store flammable items or opened foods in the unit.
- Buy an additional padlock for increased security by double padlock system.
- Make an inventory of the items you put in your storage unit. Take photographs of the property you are storing. If you don’t own a camera, buy a disposable one and take pictures of the items you place in the unit. If you have a video camera, make a tape of your property.
- Keep a copy of the inventory and pictures at home or someplace other than the storage unit.
- Do not store receipts for newly purchased furniture or other items in the unit along with the items.
What does our self storage insurance cover?
It protects you against damage to, or loss of, your property from fire, earthquake, water damage, and burglary.
Will An Insurer Cover Any Storage Unit?
An insurer is likely to ask several questions about the storage unit you’re using. They’ll usually enquire:
- Is it a purpose-built storage facility?
- Is there CCTV?
- Are there fire alarms?
- Is access to the facility via staff or private pin code?
If your chosen facility does not have these features, you may struggle to obtain self-storage insurance quotes.
Won’t my home insurance cover my property?
Home insurance comes in many different forms. Some policies cover the property you have in storage, others don’t. Home insurance is issued at various levels of coverage. Also, some types of property may not be covered. Business property, for example, is usually not covered by Home Owners Insurance.
If you have questions about what your Home Owners Policy covers or the limits of coverage, check with your own insurance agent or read our guide to self storage insurance.
At Park Insurance, we understand that every self-storage insurance policy needs to be tailored to meet your individual requirements. Contact us today, and one of our friendly team of experts will walk you through all the self-storage insurance options.
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