When you rent a self storage unit, it’s not simply a case of renting the space, putting your belongings in there and then just forgetting about them. Well, we suppose that for some people it is like this, but it shouldn’t be. Just because these items are no longer being stored in your home, doesn’t mean that they aren’t important, and as such you still need to be taking care of them as best you can.
One way that you can do this is through the use of self storage insurance. But what is self storage insurance? It’s a type of coverage that you can get for your items in case things go wrong while they are contained in a storage unit. It ensures that you have peace of mind leaving your items where they are as you don’t have to worry about any financial losses even if a problem does occur. Down below, we’re going to be discussing a range of information pertaining to self storage insurance and what you need to know, so if you are interested in learning more, feel free to continue reading.
What You Risk Without The Correct Coverage
If you do not have the correct insurance coverage for your unit and the items that are inside, then you are leaving yourself vulnerable. You never know what is going to happen in the future, and it’s a good idea to protect your items just to be on the safe side. By doing this, you ensure that you protect yourself from financial issues, and reduce the level of stress you may experience storing your items in the first place. Let’s take a look at some of the examples of what you’re risking if you don’t get the insurance that you need.
Theft
While storage lockers are generally secure, there is never any 100% guarantee that theft could not take place. This is the case no matter what storage facility you choose, and no matter what security measures they have in place. While the facility will do everything in its power to protect your belongings, covering them in case of theft is still a smart thing to do. At least this way, if something does go wrong, then you know that you will be able to replace what was in there without using money from your own pocket.
Unforeseen Issues
As we said, you never know what is going to happen in the future, and there is always a chance that something you didn’t foresee could happen. For example, extreme flooding could take place, damaging some of the items in your storage unit. Or, there could be a fire that ends up wiping out some of your possessions. These are things that cannot be predicted either, so it’s in your best interests to cover yourself.
What Is Typically Covered In Self Storage Insurance?
You might be thinking that you could just use your home insurance for these items, right? No, you can’t. Self storage insurance covers items that are specifically stored in a storage unit, where home insurance will only offer limited, short-term cover for off-site items.
Most self storage insurance policies typically cover physical damage or loss to items in your storage unit in the case of:
- Fire
- Flooding
- Impact by vehicles
- Vandalism
- Theft with forcible entry
- Storm damage
- Earthquake
- Environmental issues
- Structural issues
Of course, it’s important for you to check your insurance coverage on your individual policy to get the full terms, and fully understand what is covered.
Why Use A Local, Trusted Facility?
In order to maximise your peace of mind, you should consider using a local, trusted facility such as Fairy Meadow Self Storage in Wollongong. By doing this, you can properly check out the units before you rent one out, and you will receive a range of benefits also. These include perks like 24/7 access self storage in a secure environment, with the option to add insurance as an optional extra, rather than having to go through the whole insurance process separately.
As such, whether you are going to be looking into short-term or long-term storage, you should be using a trusted, local storage company. This will allow you to confidently store your belongings, not having to worry about any damage, or what happens if something goes wrong. Having insurance is part of the complete, secure storage solution, so it’s not something that you should skip.
