May 2024 - Due to a large increase in orders, we are temporarily not accepting new orders. Please check back again.








|Blogs|
do i need storage unit insurance 5 frequently asked questions


Do I Need Storage Unit Insurance? 5 Frequently Asked Questions

Did you know that there are insurance plans specifically designed for storage units? When you're getting ready to store your belongings, it's important to consider protecting yourself against potential financial loss in case of fire, theft, or other unfortunate events.

While self-service storage locations may not provide effective insurance coverage for your possessions, there are ways to optimize your security and minimize risk.


With the increasing cost of rent and market volatility, it has become crucial for tenants to safeguard their belongings. Renting a storage unit can be an affordable solution that allows you to maintain your lifestyle and convenience while ensuring you have enough space for all your necessities.

In this blog post, we will delve deeper into the importance of storage unit insurance and provide valuable insights on enhancing the security of your stored items and reducing the risk of potential losses.

Let's first explore what exactly is storage unit insurance and why you really need one for your possession's safety throughout the storage period.

What exactly is Storage Unit Insurance?

Storage unit insurance, also known as self-storage insurance, is a type of insurance policy that provides coverage for the contents stored within a storage unit. When individuals or businesses rent a storage unit to store their belongings, the storage facility typically requires them to have insurance coverage for their stored items.

Storage unit insurance offers protection against various risks such as theft, fire, water damage, vandalism, and natural disasters. It ensures that if any of these events occur and cause damage or loss to the items in the storage unit, the policyholder can receive compensation to help replace or repair the damaged items.

Storage unit insurance is specifically tailored for the items stored in a storage facility, providing peace of mind and financial protection for individuals or businesses. It mitigates the risks associated with potential loss or damage. To obtain storage unit insurance, individuals can purchase it directly from an insurance provider or through the storage facility itself. It is important to assess coverage needs and carefully review policy details, as storage unit insurance typically covers items both on and off the premises of the storage facility.

Do I Need Storage Unit Insurance?

Yes, you absolutely need storage unit insurance. It serves as a vital safeguard against potential losses that may arise during the relocation process or while the items are in storage. Acquiring this storage locker insurance ensures that you have adequate coverage and provides peace of mind regarding the security of your belongings throughout their storage period.

However, under storage unit rental insurance plans, you will be offered protection against the following:

  • Fire damage
  • Burglary
  • Water damage
  • Collapse
  • Vermin
  • Vandalism
  • Explosion
  • Natural disasters

Therefore, prioritizing insurance coverage becomes an essential amenity when considering the utilization of a storage unit facility.

5 FAQs about Storage Unit Insurance

Here are the top five frequently asked questions about storage unit insurance:

1. What Does a Policy Cover?

Storage unit insurance is an essential must-have for any tenant contemplating storing their belongings in a self-storage facility or at home. This type of coverage can provide relaxation and confidence when it comes to loss or damage to your valuables.

The standard policy typically provides total reimbursement for items valued between $1,000-$30,000. In addition, extra coverage may be offered based on clients' needs.

2. Who Provides storage unit insurance?

Storage unit insurance is a sort of security blanket designed to protect against potential losses incurred when renting out an item that may be valuable. Usually, this coverage will come in the form of a contract between the renter and insurer - which is why it's so essential not only for owners but also for those entrusted with managing such properties.

The majority of insurance policies are offered by third-party providers, such as life or home insurers. Even though their rates may not be as cost-effective as those of online calculators, there are still ways to obtain affordable protection for your belongings.

3. How Much Does a Storage Unit Insurance Policy Cost?

Depending on your requirements and the size of the unit, obtain an estimate of how much a storage unit insurance plan would cost. You should simply contact our agent or insurer and inquire about Discount Storage Insurance coverage options.

4. How Much Coverage Do I Need?

Within the scope of your needs, you must be prepared to budget for insurance coverage. For example, if you are only looking for temporary storage space while searching for a new home or relocating due to job relocation, then it would be prudent to factor in a lower level of coverage. On the other hand, if you require high-security measures during your stay - like with long-term rentals requiring padlocks on each locker - then higher insurance provisions should be considered.

5. Is Storage Unit Insurance Mandatory?

Yes, storage unit insurance is often mandatory, as per the policies of storage unit companies. While not a legal requirement, many facilities require tenants to have insurance coverage to protect their belongings and mitigate liability issues.

Considering Storage Locker Insurance? Need Help Deciding if It's Right For You?

Whether you own or lease a storage unit, it's essential to carefully consider getting insurance coverage for your belongings. Without proper coverage, you face the risk of a significant financial loss if your items are damaged during transit.

If you own the units, price negotiations can become challenging, and unexpected events like flooding or structural damage can result in additional costs for everyone involved. Not having insurance means no reimbursement for lost items, but owners who can provide proof of ownership may be eligible for compensation based on the original value of the stored contents.

Safeguard your investments and make an informed choice about storage locker insurance.

Secure Your Belongings with Storage Unit Insurance - Contact Us!

Don't overlook the importance of securing your possessions, whether they're stored in an apartment complex unit or an offsite storage facility. It's crucial to ensure that you have sufficient insurance coverage to safeguard your valuables and keep them undisturbed at all times.

While your storage unit may be an extension of your home, it's crucial not to overlook the need for insurance. Even though those responsible for the facility's security may be diligent, having storage contents insurance provides an extra layer of protection, guaranteeing the safety of your items even in unforeseen circumstances.

If financial strain forces you to vacate your home, the last thing you want is to spend additional money on insurance premiums only to move again shortly afterward. In such cases, opting for short-term leasing might be a wise choice. However, make sure to obtain insurance coverage in advance to avoid any unpleasant surprises along the way.


Insure your belongings with storage unit insurance online. Get started today!