Many American households utilize storage facilities in order to store their possessions. Whether these possessions are valuable, sentimental, or irreplaceable, it is critical to know how your items will be protected in the event that something should happen to them.

When selecting a storage facility for your possessions, be sure to ask and consider the following:

What kind of coverage does the storage facility offer? Most facilities offer some type of coverage, but it is important to fully understand what damages will be covered in the event that there is a flood or a fire. Check into the limits and the whether your items will be replaced with actual cash value or by replacement cost.

Will your homeowners policy cover your possessions in a storage facility?  Some insurance carriers may cover items stored off of your property, however, it is critical that you know the limits. Typically, any damage from mold, mildew, or from animals will not be covered under your insurance policy.

How valuable are your items in storage? If your items are valuable, you may need to add a floater to your policy in order to cover items beyond the limits of your coverage. It may also be best to consider a more specialized storage for valuable items like a safety deposit box.

It is also critical to ensure that your storage facility has the following:

  • Security- protective fencing, 24-hour video surveillance, as well as procedures in place for fires and floods
  • Climate control- protection against extreme temperatures, dampness, as well as precipitation.
  • Maintenance- clean, well-kept facility and grounds, as well as regular pest extermination services
  • Insurance policy- In the event that your current policy does not provide the protection you need, ensure that you can purchase additional coverage from the storage facility

If you are in need of additional insurance for your possessions, contact Brazelton Insurance Group today!