How Do I Insure My Storage Unit?

To insure your storage unit, you'll need to either find your own provider or directly insure it through the company you store with.

Many storage companies will ask you to get your own insurance when renting a storage unit. This can be an extra cost to factor into the budget when looking to store your items long-term.

However, there are some storage companies that offer insurance as part of the monthly fee, which could help to bring down storage costs.

If you do need to find it yourself, here is exactly how to find and secure the right storage unit insurance for you.

What Is Insurance For Storage?

Insurance for storage protects your items whilst they are stored in a storage unit or facility.

When you keep your things in a storage facility, storage insurance can help add an extra layer of protection in case of any damage or theft.

These policies are specially designed to protect items from risks like theft, water damage or fire while they are being stored. Whilst some storage companies will have their own insurance, others will ask you to take it out independently. It's always worth reading the fine print to understand what you need to do and how much extra it might cost.

Do I Need Storage Unit Insurance?

With some companies, storage insurance is mandatory. With others, it's a personal choice. Some storage companies offer their own policies or work with third-party insurance companies to make it easier to secure.

This tends to be based on the company policy, but location can play a part. For example, if you're looking for self-storage in London vs rural areas, the company might be more likely to ask for insurance just because of the increased risk of theft.

Regardless, storage insurance is a useful layer of protection that can give you peace of mind while your items are out of your sight. It can be particularly useful if you are looking for long-term storage for your things.

In some cases, companies (like The Box Co.) offer insurance within their monthly costs. Shopping around for a storage company that offers this directly can help you cut back on any unnecessary admin.

How to Insure a Storage Unit

If you want to go for a company that doesn't include insurance, you'll need to start by shopping around for coverage

There are different storage insurance policies that will cover things like fire damage, water damage, natural disasters, vandalism and insect or vermin damage.

Make sure that whichever policy you sign up to, you declare all of your items to make sure they're covered.

You will also need to make sure the storage facility you have chosen covers the terms of the insurance. 

For example, there may be certain actions that you need to take for your policy to be valid, like storing your items in waterproof containers and adding a padlock to your unit. It is also worth making a note of any exclusions, in case they apply to your items.

Although some storage facilities have their own insurance policies or work with a third-party, it is always worth looking at specialist storage insurance providers and comparing prices to make sure you're getting the best deal.

Think about what you need and the types of items you are storing. For example, if you are storing items for business, you can look into getting a specialist business insurance policy for storage. If you are storing high-value goods, you may want to have a higher coverage.

For storage costs that include insurance, get in touch with The Box Co. at 0204 525 1159 today.

Can you Insure Multiple Storage Units Under One Policy?

Insuring multiple storage units under one policy will depend on the insurance provider and the policy.

Speak to your insurer to find out if they cover only one unit at a time or can cover multiple units under one policy.

Can You Put Valuable Items in Storage?

Yes! Most storage companies are happy to store valuable or delicate items. When looking into them, make sure they have on-site round-the-clock surveillance at their facilities.

If you are worried about delicate items, you can mark them as ‘fragile’ to let the storage company know.

Using packaging materials, like furniture covers, strong tape and bubble wrap can also help prevent any damage during transit and storage.

How Much Does it Cost to Insure Storage?

Depending on the policy you choose, storage insurance can cost anywhere from £12 per month to up to £29 a week. However, if this is included within the storage cost, you'll just see it as part of the monthly fee.

Whilst it may seem higher at first, it's worth comparing this to the cost of separate insurance to see which is more cost-effective.

Tips for Keeping Your Items Safe in Storage

There are a number of steps you can take to make sure your items are extra safe in storage including:

• Inventory - keep record of everything you are putting in storage, either with photos or notes.
• Pack carefully - if packing delicate items, make sure that you are using proper materials to keep them well-protected.
• Choose storage with insurance - there are some storage companies that have insurance included. Always read what this includes to make sure you are well covered.

Comprehensive Storage Insurance

Whenever you store items away from your home, it is important to have the right insurance in place to keep your items as safe as possible. 

To secure this, you can either look for specialist storage insurers or choose a storage company that comes with insurance included in the price.

For storage units that include insurance, get in touch with The Box Co. at 0204 525 1159 today.