Never assume that your belongings will be covered simply by renting a self-storage unit. Each company will have different levels of coverage included in rental, or it may not be included at all. You'll need to communicate with your facility operator to completely understand what kind of coverage exists.
Your first step should be to contact a representative from your insurance agency to see if any of your insurance policies would include coverage of your belongings in a storage unit. Have a clear and concise idea of exactly what you plan to put into the storage unit to make the process easier.
If you've determined that you need to purchase a policy to cover your items in a storage unit, make sure the policy will cover any of these loss or damage causes that may apply to your area:
- Fire / Smoke
- Hurricane / Tornado / Wind
- Hail / Earthquake
- Burglary / Vandalism
- Building collapse / Leaking Water / Explosion / Vermin
Be completely transparent about what you will be putting into storage with the insurance provider. The biggest mistake you can make is to expect a certain object to be covered when it is in fact excluded in the policy you purchased. The insurance representative will provide you with the necessary details.
Also become familiar with any conditions that are required by the laws of your state. Ask the storage business and insurance agent about state-specific inclusions and certain portions that may be automatically underwritten.
Accidents Can Happen
Don't think your items are out of harm's way just because they're in storage. Life is unpredictable, and there's nothing you can do if everything is uninsured. Take the time to cover all of your valuables with a proper insurance policy that fits your budget and needs.
Self Storage Management
Under Executive Self Storage's third-party management, self storage facilities receive consulting services that include operations manuals, facility evaluations, due diligence studies, manager training and store audits. Executive Self Storage's...Learn More
Executive Self Storage has been in the self-storage industry since 1987. We have joined together family trusts, individual investor groups, and builders and individuals investing for the first time with the self-storage property that fits their needs...Learn More
Executive Self Storage real estate management has developed a network of brokers, lenders, private individuals, corporations, clients and other real estate parties that are buying or may be buying self storage facilities. The ESSA real estate management team...Learn More