What does storage insurance cover?

What does storage insurance cover?

Storage insurance typically covers loss or damage to your belongings while they are in storage. This can include theft, fire, water damage, and other unforeseen events.

Are there different types of storage insurance?

Yes, there are generally two types: full value protection, which covers the total value of your items, and actual cash value, which considers depreciation.

How do I choose the right coverage for my items?

Consider the value of your items, the risks associated with the storage facility, and your budget. It's often helpful to consult with the insurance provider.

Is storage insurance mandatory?

It's not always mandatory, but many storage facilities require it. It's a good idea to have coverage to protect your belongings.

Can I get storage insurance from my homeowner's policy?

Yes, many homeowner's insurance policies extend coverage to items in storage, but it's important to check the specifics with your insurer.