What kind of insurance for items in a rented storage can you get?
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Renting a storage unit is a great solution when you need some extra space for some of your belongings. Whether you’re moving house or you’re running out of space in your home, storage is a good way of safekeeping your things. Because the safety of your belongings is the most important, you should make sure you have insurance. If you’re getting storage services from your Philadelphia movers, be sure to ask them about the insurance coverage they offer. In the meantime, we’re here to tell you a bit more about insurance for items in rented storage.
Does home insurance cover things that are in rented storage?
Usually, your home, tenant, or condo insurance policies automatically cover all the things you’re putting in rented storage. The things you’re storing are considered off-premises and they are equally covered as the rest of your possessions. But keep in mind that if you’re using onsite storage solutions, your stored items are usually covered for 90 days. So, if you’re keeping them in storage for longer, you might want to look for other options.
If you’ve got home insurance for items in a rented storage unit, here’s what your things are covered for.
- Theft and vandalism
- Water damage
- Windstorm damage
Insurance provided by the storage rental company
There are a lot of storage rental companies that don’t offer insurance for your stored belongings, yet they require that your things be insured before you can sign the contract. However, there are some companies that will offer you their insurance policy. Of course, before you agree to accept their insurance, you should check out what it covers.
Usually, insurance provided by storage rental companies doesn’t cover your things for damages caused by flooding, seepage, water damage, as well as rodents. So, get your information before signing the contract. Considering that you don’t get that much coverage and this insurance can be expensive, you should check out your other options.
Insurance for items in rented storage provided by third-party companies
If you don’t have home insurance and the storage rental company doesn’t offer insurance, don’t worry. You can still get insurance for items in residential storage, there is a solution. You can get insurance from a third-party insurance provider. There are companies that offer insurance coverage for your stored belongings. And in some cases, these companies even offer a better deal than the storage rental company! So, to get maximum coverage and the best deal possible, do some research and see what the best decision is.
Special insurance for high-value things
Whether you’re using property insurance or storage insurance, these policies usually don’t cover some more valuable things. Here are some of the things that aren’t covered by these policies: Motorized vehicles, jewelry, collectibles, money, expensive items, and documents.
So, if you want to make sure that your valuables are insured in storage, you should look for separate insurance for these items. That’s something to consider before storing your things.
Do your research and choose the best option for you
Now that you know which types of insurance for items in rented storage exist, you can pick your favorite. The key to making the right decision is doing your diligent research and getting all the information. Once you know everything about these different insurance policies, you can make the right choice.