Content Insurance – Do Storage Companies Provide Enough?
We all know people who have moving horror stories. Even if a move goes perfectly, it’s bound to be stressful and exhausting. When you are dealing with large-scale moves, large rental trucks and self storage, the stress compounds even further.
Self-storage facilities generally do not have that great of a reputation, whether they deserve it or not. Generally, you get what you pay for. If you use the cheapest storage unit you can find, in the seediest part of town, with the scummiest employees imaginable, you might be putting your precious snow globe collection at risk. On the other hand, you might shell out a small fortune for the best climate controlled, 24-hour attended storage unit you can find, and have an accident or theft still occur. Nothing is failure-proof.
If you’re storing things like pricey furniture, collections, your ideal china, imported rugs or anything else that has a lot of value, you might consider purchasing self-storage insurance. Some self-storage units do offer some type of insurance. Before you go out and spend money on an insurance policy, you should be sure you’re not buying coverage you already have.
However, the vast majority of self-storage units have very strict disclaimers that keep them immune from any theft, loss or damage to your property. When you’re dealing with a self-storage company, be sure to read the entirety of every single document you sign. You want to be fully aware of the policies that may affect your possessions.
If you don’t feel like your possessions are adequately protected from a disaster or unfortunate event by the self-storage contract, self-storage insurance is a good idea.
Generally, self-storage covers damages or lost property that happens due to burglary, lightning, windstorm, hail, fire, smoke, earthquake, building collapse, explosion, vandalism, riot and water damage.
When you’re purchasing your self-storage insurance policy, you’ll want to read it very carefully. Many insurance policies do not cover losses due to floods, especially after the large loss the industry took after the hurricane Katrina disaster.
If you’re concerned about flood or tidal wave coverage and your self-storage policy doesn’t provide it, you can contact the U.S. Government and the National Food Program, which does offer flood insurance. If you are storing your things in a sensitive coastal area, this might be a very good idea.
As you navigate the insurance system and choose an appropriate self-storage insurance policy, you will also want to be very aware of what types of possessions are not covered.
For example, one very popular self-storage insurance policy that many friends of mine have used excludes deeds, bills, currency, evidence of debt, securities, money, notes, jewelry, watches, precious stones, furs, boats, vehicles and some business inventory from coverage. That is a lot of valuable stuff!
If you’re storing things such as the items I just mentioned, I suggest not putting them in a storage unit. Luckily, things like the family heirloom jewelry and deeds, bonds and securities are small enough to put in a bank safe deposit box.
Hopefully after reading this, you feel superior informed about self-storage insurance. Remember, read anything before you sign it!
When you move out, downsize your home or go traveling for awhile, you almost always need to find a storage unit to keep some or all of your things in until you figure things out or settle down. The question...
Various types of life insurance policies offered currently.In modern world to lead a comfortable life human have to struggle a lot but what have their planned for their future. Because no one knows what will happen in the future no one can predict it, to keep their...
Need Car Insurance? Avoid The Pitfalls Of Buying Car InsuranceAre you in the market to purchase car insurance? Entering this world of policies and premiums can be an expensive and time consuming task. However, it has become a fact of life for all of us car owners. Traffic accidents,...
Information on Cheap Home Contents InsuranceA home insurance policy is a financial arrangement whereby all of your household possessions located in your home are protected against loss, theft or damage. Home insurance can also be purchased as part of a joint buildings and contents policy...
Different forms of life insurance policies available nowadays.In the modern world every person wants a secure future for his loved ones. No person would prefer seeing their family depend on someone else for financial support and ask for protection when he is no more in the world....