Is Your Storage Insurance Falling Short?

Rental storage units provide you with the opportunity to clear out space in your home or business while still having access to the things you need. At Clifton Rt. 46 Storage, we rent storage units to customers in Clifton, New Jersey, and we recommend storage insurance for all our customers. Here, we’ll assess storage insurance and how to determine if your policy is enough for your belongings.

Key Takeaways

• Storage insurance can help cover belongings when in a storage unit.
• There are gaps in storage insurance coverage, so you should thoroughly examine your policy to prevent surprises and ensure yours is sufficient.
• Clifton Rt. 46 Storage offers an array of different storage units to keep your belongings safe.

What Does Storage Insurance Cover?

Much like homeowner’s insurance or car insurance, many people turn toward storage insurance for security and peace of mind. Storage insurance policies help cover the cost of damaged or stolen belongings stored in a unit. In the case of a covered peril, the policy insurer will help pay for repair or replacement costs, saving the policyholder money and stress.

While the exact perils that are covered will depend on the specific plan, some common covered events include damage caused by:

• Inclement weather, including lightning, hail, and heavy winds
• Theft
• Looting or riots
• Hurricanes and tornadoes
• Storage facility issues
• Pests, such as rodents or insects

What Are Some Common Gaps in Coverage?

Storage unit insurance covers a wide range of events, but not every event results in a payout. Some common events that may not be covered include:

Natural Disasters

While hurricanes and tornadoes are typically covered within your policy, other natural disasters may not be. This includes events such as floods, sinkholes, and earthquakes. If you live in an area that is prone to these events, be sure to review all your options before choosing an insurance plan. In many cases, you can have coverage for these events added to your policy.

Theft and Vandalism

Another area to review when it comes to your policy is whether theft and vandalism are covered. These events may not be covered without clear evidence of forced entry or theft.

Mold and Water Damage

Mold and water damage can occur in many properties, but these events aren’t always covered by storage unit insurance. This can be attributed to the fact that these are long-term, gradually occurring events, and the damage they cause is often considered preventable.

Other possible exclusions include high-value items and belongings that are damaged by negligence.

How Can You Ensure Full Protection?

Many people forego insurance for storage units because they already have homeowner’s insurance and believe that this coverage is sufficient. Unfortunately, most homeowner’s insurance policies don’t cover much when it comes to off-site belongings, typically only up to 10% of the personal property coverage limit.

To ensure full protection of your belongings, you need to carefully review your policy and outline the inclusions and exclusions. If you find gaps in your policy that you want to fill, you’ll need to add extra coverage for certain events, such as floods or earthquakes. You’ll also want to make sure that your items are packaged well, so the insurance company can’t deny claims based on negligence.

Learn More About Storage Unit Rentals at Clifton Rt. 46 Storage

If you have more items than you have available space in your home or commercial property, choosing self-storage is a smart idea. At Clifton Rt. 46 Storage, our facility provides everything you need to keep belongings safe, secure, and easily accessible for years to come. It has plenty of storage options for those who need space right away.

We are proud to offer several drive-up units, so you’ll have an easier time getting items into and out of our vehicle. We also help keep customers safe through our well-lit facility, personal access codes, and 24/7 digital video surveillance system. We provide easy access to our facility through the Quikstor app, which lets you open the gates right from your mobile device.

If you’re interested in a reliable storage facility with affordable, consistent pricing, turn to Clifton Rt. 46 Storage. Our facility near you in Clifton, NJ, offers units in various sizes to suit a range of needs. We can even help you better understand storage insurance and what plans might be right for you. Contact us today to learn more about our policies or to rent a unit.

Storage Unit Insurance FAQs

Does storage unit insurance cover high-value items?

Many storage unit insurance policies do not cover high-value items, so it’s important to review each option to see what will be covered if you plan to store expensive items in your unit.

Is storage unit insurance included in rental agreements?

Storage unit insurance is rarely included in rental agreements, but it is often required for renters.

Does storage unit insurance cover mold and mildew?

No, storage unit insurance typically excludes mold and mildew damage.