Do I Need Self-Storage Insurance?

- It isn’t legally required to insure your self storage unit, but most facilities recommend it

- Storage is sometimes covered by home insurance, but you’ll need to check in case you have to take out a separate policy

- Some companies, like The Box Co. offer insurance as part of their self storage prices

 

It is highly recommended to insure your self storage unit and, in fact, many storage facilities require the customer to have insurance in place in order to store with them.

While some home insurance policies cover storage, not all of them are that extensive. Usually, customers needing self storage will have to take out a separate policy - either from an insurance provider or through the storage facility. 

At The Box Co., we believe that your items should be safe and sound in storage. That’s why all of our prices include insurance. With storage by-the-box starting from just £3.56 per box per month, and £100 insurance as standard per box, we’re committed to secure, affordable storage for all our clients. 

Contact us today to get a quote!

 

Are You Legally Required To Insure Your Storage In The UK? 

 

Although self storage insurance isn’t a legal requirement in the UK, most storage facilities do make it mandatory as part of their terms and conditions.

It’s also just good sense. If you have self storage insurance, both the customer and storage facility are protected in case of unexpected events like fire, theft, or flood. Without insurance, you could lose the value of your stored items with no compensation.

Whether you’re storing personal items, student storage for your items between uni terms or business storage for your company, your main priority should be to keep your belongings safe. 

 

Does Home Insurance Cover Storage?

 

Home insurance can sometimes cover storage; however, many standard home insurance policies don’t cover items that are stored outside of the property.

It’s always worth checking your specific policy as conditions vary between insurance providers. If your home insurance doesn’t cover storage, you can speak to your insurance provider to see if they offer any add-ons that cover storage.

You can also take out a specific self storage insurance policy if your existing policy doesn’t offer enough protection, either through an insurance provider or through the storage company.

Another option is choosing a storage provider that has insurance included as part of the self storage costs. For example, here at The Box Co., we offer £100 insurance per storage box as standard, for extra peace of mind. Get a quote today!

 

What Happens If You Don’t Insure Your Storage Unit? 

 

For many storage facilities, you can’t rent a storage unit before taking out insurance, as it is a risk for them.

Without insurance, you could lose the value of your stored items with no compensation. Whereas, if you’re covered by insurance, it means that in the case that your belongings are damaged or lost, you won’t bear the full financial burden.

The storage companies are only responsible for insuring the facility where your items are stored and the building’s features.

For example, the storage provider will be responsible for things like building maintenance or on-site security systems. Unless you have an insurance policy with them, they will not be able to compensate you for lost, stolen or damaged items unless they have been proven to be negligent.

 

Can You Store Items In An External Facility Without Insurance? 

 

Most off-site storage facilities will require you to contract insurance before they let you rent a self storage unit from them.

If you don’t have an existing insurance policy that covers items in storage, the storage facility may offer you the option to contract insurance through them. 

Before you move your items into the storage facility, you’ll need to either demonstrate an existing insurance policy that covers your storage or take out a policy with the storage company. 

It’s advisable to shop around first. You don’t want to get caught out paying for insurance through the storage facility that might be more expensive than with a third-party provider.

 

Do Storage Facilities Offer Insurance? 

 

In the UK, most self-storage companies offer insurance as an optional extra, adding it to your monthly bill. While this is standard practice, it can make it harder to calculate the true cost of storage upfront.

Unlike many storage facilities, here at The Box Co. we include £100 self storage insurance as standard for each storage box you store with us. No hidden fees, good value for money and total peace of mind knowing that your items are protected while in storage.

If you're searching for secure and affordable storage with insurance included, The Box Co. is here to help. Get a free quote today.

 

What Insurance Do You Need For Storage? 

 

You’ll likely need to take out specific self storage insurance policy.  Self-storage insurance protects your items against risks like theft, fire, vandalism, water damage, and natural disasters. It provides financial compensation if your stored items are lost or damaged due to these.

However, the exact coverage can vary depending on the policy. Some policies may exclude specific risks, such as flooding or earthquakes, so it’s important to read the fine print carefully.

Most insurance policies also come with coverage limits. If you’re storing high-value items, you may need to increase your coverage or take out a separate policy to make sure everything is fully protected.

Always check the details before committing, so you know exactly what is and isn’t covered.

 

Self Storage With Insurance Included With The Box Co.

 

At The Box Co., we’re committed to keeping your items safe. That’s why, in addition to our CCTV cameras, 24/7 surveillance and limited access control for our facilities, we also include £100 insurance per storage box, as standard.

We provide secure storage at affordable prices, so that you can rest easy knowing that your items are totally safe without breaking the bank.

And, you pay for storage by the box, rather than a fixed amount of space each month, for even lower prices. Our prices start from just £3.56 per storage box, per month, with insurance included. Contact us today for a free quote!