What You Should Know About Insuring Your Storage Unit

Do you have a storage unit or facility that stores important belongings for you? Then you want to get that insured in case your stuff is stolen or damaged. If you’re unfamiliar with storage insurance, check out our guide on what you should know about insuring your storage unit.

What Does Storage Unit Insurance Cover?

A lot of things are dependent on the insurance provider and policy. Some also guarantee individual items in the storage unit, while others don’t. Still, storage unit insurance generally insures your storage unit and the belongings within it should they be stolen or damaged, up to a certain percentage of their value.

If you’re using an insurance policy from a storage unit facility, most cover about 10% value of your belongings but don’t cover high-valued items like jewelry or collectibles. Carefully read the fine details of your policy and what it covers.

Does My Homeowner’s or Renter’s Insurance Cover Storage Units?

If you have homeowner’s or renter’s insurance, you may already have storage unit insurance and not even realize it. Reread your policy or talk to your agent to see if your homeowner’s policy covers purpose-built self-storage facilities on your property. Many renter’s insurance policies include storage insurance if the lease also provides a storage unit.

Where Can I Get a Storage Unit Insurance Policy?

You likely already have insurance if you’re renting a storage unit from a storage facility, as many require it to rent a unit. If not, nearly all storage facilities at least offer policies to their customers.

Many agencies offer storage insurance if you want to look elsewhere, and you can find one with minimal research. You can likely find storage unit insurance from the same agency that provided you with homeowner’s insurance.

Can I Insure a Shipping Container as a Storage Unit?

Many people use shipping containers as storage units, among other uses If you use a shipping container for storage, you can insure it as a storage unit.

Be sure, though, that you’re insuring the container as a purpose-built self-storage facility and not as a shipping container that you’ll be transporting. The two different purposes of the shipping container mean very different types of insurance and what’s covered by the policy.

We hope we’ve answered the important questions and provided you with what you need to know about storage unit insurance. Overall, it’s not that different from auto, home, or life insurance; you want to be sure you have the right kind, so your unit and belongings are adequately covered.