Why is there a need for separate insurance?
Self-storage companies in Midland NC do all they can to take care of your things, yet there are unforeseen circumstances that are out of their control. Insurance policies are in place to cover as many eventualities as possible. Renters not sticking to the terms of their storage unit rental can cause some of these.
It can be hard for new renters to know where they stand on insurance, so read on for some useful insights into this kind of insurance.
What exactly is self-storage insurance?
The self-storage insurance policy can be taken out in order to protect your personal and business property while in storage. There are many types of Self Storage policies and most storage facilities may require you to obtain insurance before they accept your belongings. Some insurance policies may even insure your belongings during transit to and from the storage facility.
What should Midland NC storage insurance cover?
Whilst covering theft of your belongings when in your self-storage facility, other things should be included such as.
- Insect or rodent damage
- Fire and water damage
- Subsidence damage
There are many things that can be included, as well as many things that can be left out of an insurance policy. You will need to check the fine print before signing up for one.
What isn’t included on my self-storage insurance policy?
As with all forms of insurance, there are certain restrictions to self-storage insurance of which you need to be completely aware. While each provider of insurance may have slightly differing conditions, some exceptions may be more or less general in self-storage insurance:
- Flammable or toxic chemicals will not be insured – most storage facilities won’t accept these.
- There is no coverage for cash, credit cards, lottery tickets or bank drafts, or anything that has a monetary value.
Do I really need insurance for my belongings?
You may have some things in storage that have very little value, but you do want to keep them. Aside from this, a reputable storage facility has other renters interests at heart, so they do all they can to protect their belongings as much as any others.
Although your items may appear to be of little value, there is a risk from anything that is in a self-storage unit, no matter how innocent it appears.
Doesn’t my storage facility in Midland NC have insurance?
Your local storage company will have insurance in place for their facility, and for the care of their renters. However, it is almost impossible for them to insure belongings, which they know nothing of, or the value that is associated with them.
Asking a company to insure what you have in self-storage is unfair. Some responsibility falls back to the renters. If you need to know more about storage insurance before committing, you can contact Mr. Storage, and the staff will explain in detail what you need to have included on your policy.