Benefits of Choosing Dedicated Storage Insurance

As our desire to keep more of our stuff outstrips our room to keep it, the need for temporary or permanent storage solutions increases. Whether you are downsizing, sorting through an inheritance, or just need extra space for your hobbies, a storage container makes the perfect solution. 

However, while you are solving one problem, another one surfaces: financially protecting yourself against the loss of stored items. While home and contents insurance can save the day by including your stored items in the policy, this is not always true as it depends on your insurance provider.

Most storage facilities have their own insurance policies, but these are measures to protect the business and its assets. They do not cover the items their clients have placed in storage at their facilities.

If the loss of your stored items would create a financial burden, you should consider dedicated storage insurance. This type of policy can protect you should the worst happen to your stored items. 

Benefit #1: Separate Claims History

Dedicated storage unit insurance maintains a separate claims history from your primary insurance policies. This means that any claims filed on your storage unit insurance will not impact the premiums or claims history of your homeowner’s or renter’s insurance.

With storage unit insurance, claims are processed independently without affecting your primary insurance rates. This is particularly beneficial if you need to file a claim for an incident at your storage unit, as it prevents your homeowner’s or renter’s insurance premiums from increasing. Additionally, once you remove your items from storage, you will no longer need to continue with the policy.

A dedicated claims process for storage unit insurance also allows for a more streamlined and efficient resolution should any issues arise. Rather than going through the complications of filing a claim through your homeowner’s or renter’s insurance, the storage unit policy provides a direct path to addressing any problems with your stored belongings.

Benefit #2: Broader Coverage

Another critical advantage of dedicated storage unit insurance is its broader coverage compared to standard homeowners’ or renter’s insurance policies. Storage unit insurance policies often have higher coverage limits and include perils that may not be covered under a primary insurance policy.

Storage unit insurance typically offers higher maximum payouts for damaged or lost items. This is a significant benefit if you store high-value belongings like antiques, jewellery, or expensive electronics. The increased limits ensure you can fully recoup the value of your possessions in the event of a covered loss.

Also, storage unit insurance policies may cover risks often excluded from homeowner’s or renter’s insurance. This can include damage from mould, mildew, vermin, and other environmental factors that can impact items stored in a unit. Storage unit insurance may also cover water damage from sources like leaks or floods, which are common risks for off-site storage.

Benefit #3: Peace of Mind

Peace of mind is invaluable when protecting your stored belongings, especially if the items are heirlooms or have sentimental value. Knowing that your possessions are fully safeguarded against potential risks allows you to focus on other priorities without stressing about a worst-case scenario. 

With storage unit insurance in place, you can be assured that if something were to happen to your stored items, you could replace or repair them without financial stress. 

How to Get Dedicated Storage Unit Insurance

You have a few options for protecting yourself with storage unit insurance:

Talk to 1800 We Store It 

Many storage facilities offer or even require storage unit insurance as part of the rental agreement. This option is convenient, as the insurance is bundled with your storage unit rental. The storage facility may partner with a specific insurance provider to offer this coverage. 

Insurance as a standalone policy: You can also purchase storage unit insurance as a standalone policy, separate from your storage unit rental. This allows you to shop around and compare options from different insurance providers to find the best coverage and pricing for your needs.

1800 We Store It does not directly provide storage insurance. However, we recommend and trust CARTS Removals. Talk to one of our friendly staff for advice, or visit their website for an instant online quote for your storage needs. 

Whether you obtain storage unit insurance through the storage facility or as a standalone policy, it’s important to review the policy details carefully.