While East Penn Self Storage takes considerable measures to ensure the safety and security of your stored items, unforeseen incidents can still occur. This is where self-storage insurance comes in. While often overlooked, storage insurance is a critical component of protecting your valuables. Let’s explore the reasons why it’s worth considering.
What is Self Storage Insurance?
Self storage insurance protects your stored belongings from potential risks, such as fire, theft, natural disasters, or water damage. It’s an additional layer of protection on top of the security measures provided by your storage facility.
Reasons to Consider Self Storage Insurance
Here’s why investing in self storage insurance is a prudent decision:
Comprehensive Protection
Although security is a top priority at East Penn Self Storage, no system is 100% fail-safe. Insurance offers that extra layer of protection to cover unexpected events, such as natural disasters or other unfortunate incidents.
Your Homeowner’s or Renter’s Insurance May Not Cover Storage
While some homeowner’s or renter’s insurance policies extend coverage to items in storage, this is not always the case. Even when they do, the coverage might be limited. It’s crucial to verify what your policy covers.
Valuable Items Require Additional Coverage
If you plan to store items of high monetary or sentimental value, they may exceed the coverage limit of your homeowner’s or renter’s insurance policy, or they may not be covered at all. In such cases, self storage insurance is advisable.
Peace of Mind
Perhaps the most significant benefit is the peace of mind that comes with knowing your possessions are protected. Insurance can provide compensation for losses, which can be especially valuable if you are storing items that are expensive or difficult to replace.
What Should You Look for in a Self Storage Insurance Policy?
When considering an insurance policy, pay attention to the following:
- The Coverage: Ensure the policy covers common threats like fire, theft, natural disasters, and water damage.
- The Limits: Check the coverage limit to ensure it matches the value of the items you’re storing.
- The Deductible: Understand how much you’ll need to pay out of pocket before insurance kicks in.
- Exclusions: Make sure you’re aware of any exclusions in the policy.
How to Get Self Storage Insurance
There are several ways to obtain self storage insurance:
- Check Your Existing Policy: As mentioned earlier, some homeowner’s or renter’s insurance policies might cover your stored items.
- Add a Rider to Your Existing Policy: If your current policy does not cover stored items, you may be able to add a rider or extension for this purpose.
- Purchase Separate Self Storage Insurance: If the above options are not feasible, you can buy a separate self storage insurance policy. East Penn Self Storage can provide information on insurers that offer this type of coverage.
Remember, while we do everything we can to keep your items secure at East Penn Self Storage, insurance provides an additional safety net. It’s a small investment for the protection and peace of mind it provides. Contact us today to learn more about our storage solutions and how you can further protect your valuables while they’re in our care.