Insuring Stored Items

Posted by on Feb 27, 2015 in Insurance, Storage | 0 comments

Storage units are a great, safe way to keep excess belongings from cluttering your home. However, even when anticipating the best, it is also smart to prepare for the worst. Storage space insurance is a responsible choice to make when renting and using a self-storage unit. Whether the belongings contained in the space are valuable antiques or priceless keepsakes, your possessions should be financially protected from any potential damage. According to the website of Mopac Self Storage, if your belongings are worth storing, they are probably worth insuring.

Some homeowners and renters insurance offer partial coverage for stored items. When this is not the case, it is possible to add on to an existing policy or go directly through the self-storage unit to purchase insurance. In most situations, self-storage insurance is a cheap fee that can be added to the monthly rental fee for one easy payment. This protection is necessary if an accident such as water damage, fire, or theft were to occur.

Once all of the items are stored, appraise the items before signing an insurance policy. Have your stored belongings listed on the insurance policy to maintain an accurate account of what items are stored and how much they are worth. Know what your belongings are worth in order to obtain the appropriate coverage and guarantee that you are covered if the worst were to occur. Insurance companies also advise a monthly visit to the insured storage unit to check on the possessions housed there.

Make note of other benefits that insurance policies may offer. If you are often moving your items in and out of storage units, look for a policy that incudes in-transit coverage to protect your items. Still inquire about storage unit insurance even when business or home owners insurance already partially covers your stored belongings for supplemental coverage.

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