Self-Storage Insurance – Protecting Your Valuable Contents
There are many instances in which the occurrence of a loss of property may necessitate the acquisition of Self-Storage Insurance. This type of insurance is intended to protect the contents that one stores in a covered car or other type of vehicle. A policy for Self-Storage can vary greatly from that for a home. Because there are many different types of Self-Storage Insurance, it is important to do some research before choosing which particular insurance policy is best suited for your specific needs. In some cases an individual may be able to purchase separate policies for their cars and other belongings while at the same time maintaining coverage for the contents of the vehicle.
There are a few different types of Self-Storage Insurance that may be purchased. The most common of these is third-party coverage. This particular type of coverage will cover the contents of the insured vehicle while it is stored by a third-party. When you purchase a policy for self-storage insurance, the insurance company will provide coverage up to the amount that has been determined by the appraiser. Usually the coverage will be based on the actual retail value of the item as opposed to the policy’s stated dollar amount.
Many times individuals will choose to purchase additional coverage for their belongings. In this case they will want to consider purchasing liability insurance as well as collision and comprehensive insurance. The coverage for the items that you store in a self-storage unit will depend on the particular policy that you have purchased. Liability insurance will allow you to collect damages for any items that are damaged while the car or other type of personal property is in self-storage. Some policies will also include additional personal property coverage for the cost of replacing the items that are damaged beyond the covered value.
Another type of Self-Storage Insurance is provided through a fleet rental arrangement. Under this agreement, your insurance carrier is responsible for providing coverage for all of the personal property stored in the facility and the vehicles operated by the facility. In many cases a liability policy will also be included with the self-storage insurance coverage. Fleet renters typically pay a daily or weekly fee to secure coverage for the vehicles.
If you own a business that uses a building in a self-storage facility, you will want to check into the coverage offered through the business’s insurance carrier. This is because some business insurance carriers will offer coverage for the business equipment contained in the building or other spaces used for business purposes. There may also be additional coverage options available through the company. In order to get these additional options, you will need to contact the insurer that handles your business policy.
When you store your valuable items in a self-storage facility, it is important that you obtain adequate self-storage insurance to cover the contents of your unit. You can learn more about the types of items that are covered under each category of insurance by contacting a customer representative at a self-storage insurance company. You should feel free to ask any questions regarding this matter that you may have. It is important to know and understand what types of items are covered by your policy. Self-storage insurance does not have a lot of bells and whistles; however, it does provide peace of mind and protection for your self-storage needs.