What is Storage Insurance?

Storage insurance protects the financial value of your belongings should they be damaged or stolen while kept within a unit at your selected storage facility. Many storage facilities require all customers to have storage insurance as a mandatory condition – but shopping around for an independent third-party policy tends to result in much lower costs than buying your policy directly with your facility.;

Why do you need storage insurance?

Although any good quality storage facility will have a number of security measures in place to keep your belongings safe (CCTV, manned security, damp-proof units, fenced perimeters, to name a few examples), accidents can happen. If your belongings are damaged due to a natural disasters such as a fire, or if they were stolen, the cost to replace those items could be very high, not to mention the sentimental value attached to those items. While storage insurance couldn’t place or recover the sentimental items you store in your unit, it does provide the peace of mind that should your belongings be damaged or destroyed, you at least have cover for the financial value of what you had stored.

What will I be covered for?

Our storage insurance policy will cover you for your home and business contents stored in your unit, which includes:

  • Computer and electronic office equipment
  • Deeds, registered bonds and other personal documents up to £1,000
  • Household furnishings, furniture, carpets, curtains, and home appliances, including gas and electric cookers and telephone equipment
  • Pedal cycles up to £1,000 per cycle
  • Machinery, stock, tools, and plant
  • Personal possessions
  • Stamp collections and coin collections, with proof of ownership and providence up to £1,000
  • Valuables up to £1,000

The policy will cover you for the loss or damage to the items you have stored in the event of several scenarios:

  • Fire and explosion
  • Theft and attempt theft (proof of violent breaking and entering required
  • Falling objects, such as trees and lamp posts
  • Impact by aircraft
  • Rioters, strikes, civil commotion, and malicious acts
  • Collision by vehicle or animal

What isn’t covered?

There are some exceptions to what a storage insurance will cover. This can include:

  • Currency
  • Dangerous items such as flammables, explosives, and fire arms
  • Possessions that are not stored in a purpose built storage unit with CCTV and fire alarms

Frequently Asked Questions

  • Why do I need Insurance for a storage unit? Taking out insurance for storage units is important if you want to keep your items protected from damage, theft or other unexpected problems that can occur. In general, Storage Providers take very limited responsibility for anything that may occur to your belongings, even though the unit is kept on their premises.

  • How much does insurance for self storage cost? The cost of storage insurance depends on a number of factors including size, location and what items you store in it. It is difficult to give an average cost for self storage, because there can be many different variables within the policy, as well as there being massive differences in price depending on your insurance provider. One thing is for sure, it is always good to compare storage insurance online before taking out a policy with the storage provider, as it could help you save money!

  • Is Storage Unit Insurance worth it? As it is compulsory at most facilities, it is well worth having regardless of the scenario, however it is always a good idea to do some research & shop around to keep costs low. With Storage Facilities offering expensive policies, sometimes costing more than the storage unit itself, it is worth taking the time to do a self storage insurance comparison.

  • Does this storage insurance policy cover storage units outside of England, Wales and Scotland? We cover all storage units as long as they meet our insurance requirements. One of these requirements is that the storage facility must be within England, Wales or Scotland and you must be a UK resident in order to purchase our insurance policy.

According to research conducted in July 2019 by Proinsight, 99% of customers save money with our storage contents insurance policies compared to the policies provided by storage providers, excluding special offers.

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