Do you have personal belongings to store because there is no room at your house? You’re not alone! According to the SSA (Self Storage Association), roughly about 10% of American households are currently renting some sort of storage unit. Many of them overlook the most important factor in storing their possessions. INSURANCE! Here are some questions you should ask the storage unit, before you start purchasing extra space.
Does the storage unit offer any coverage? – Many offer some sort of coverage, but you also have to ask about what damages will be covered, such as floods or fire. Be sure to check the limits and the type of reimbursement that they have to offer, if its actual cash value or just replacement cost.
Does your homeowner’s policy cover any of your items in storage? Make sure your checking with your insurance agent on terms of your policy. Some will cover items that are stored off your premises, but to ensure this you need to check those limits. Mildew, damage from mold or from animals is normally not covered.
Will you be storing valuable items? If you are storing valuables you many need to add a floater to your policy to cover the items beyond the limits of what your coverage is. Another idea would be to think about having specialized storage for them, like a safety deposit box.
Does the facility include any of the following?
The Proper Security: Fencing, 24-hour video surveillance, fire and or flood procedures.
Climate Control: Protection against extreme temperatures, precipitation or dampness.
Thorough maintenance: Clean and well-kept facility and grounds and a pest extermination contract.
Insurance: Your current policy may provide the protection that you need, or you can purchase additional coverage from the storage facility if need.
For more information about is covered for a storage unit contact your local Brazelton Insurance Group and speak with an agent today to make sure you have all the benefits covered.