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. 

Many storage providers require you to get your own insurance. This can be an additional cost to factor in when looking to store your items.

However, there are some storage companies that offer insurance as part of the monthly fee, which could help to reduce 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 specifically protects your items whilst they are being put away.

When you tuck your items away in a storage facility, storage insurance can help add an extra layer of protection.

These policies are specially designed to protect items for risks such as theft, water damage or fire while they are being stored. Many storage services do not have their own insurance policy and will require you to seek out your own insurance with a specialist company.

Do I Need Storage Unit Insurance?

With some companies, storage insurance in mandatory. With others, it's a personal choice.

This requirement doesn't tend to change with location, but is set on a company policy basis. For example, if you're looking for self-storage in London vs rural areas, the insurance requirement will be set by the company.

Storage insurance is a useful layer of protection that can provide invaluable peace of mind while your items are out of your sight.

It covers any belongings that are stored outside of the home and will safeguard your belongings against water damage, theft and fire. It can be particularly useful if you plan for long-term storage of items.

The majority of self-storage facilities will require customers to insure any items that they are storing. Some storage facilities offer their own policies or work with third-party insurance companies.

In some cases, companies (like The Box Co.) offer insurance within their monthly costs. This can help provide peace of mind whilst also streamlining costs.

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. 

There are different storage insurance policies available which will cover things such as fire damage, water damage, natural disasters, vandalism, subsidence damage and insect or vermin damage.

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

When comparing different insurance policies, look at what is covered and also make sure you read the security and storage requirements so that you adhere to them.

For example, there may be certain actions 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.

Think about your needs and the types of items you are storing. For example, if you are storing items for business purposes, 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 solutions are happy to store valuable or delicate items. When looking into companies, make sure they have on-site round-the-clock surveillance at their facilities.

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

Using specialised packaging materials, such as furniture covers, strong tape and bubble wrap, to prevent any damage during transit and storage.

How Much Does it Cost to Insure Storage?

If you are using a storage facility such as a warehouse, many storage providers will require you to have your own insurance in place.

Depending on the policy you choose, this can vary from anywhere from around £12 per month to up to £29 a week.

There are many different variables to take into account when choosing to do it this way.

If your chosen company includes storage, then it will be part of the monthly fee. Whilst this may seem like a higher monthly fee at first, it's worth comparing this to the cost of separate insurance to see which is more cost-effective.

Tips for Keeping Your Storage Items Safe

There are certain steps to take to make sure your stored items are extra safe 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 solutions that have insurance included. Always read what this includes to make sure you are well covered.

If I Store By The Box Is it Secure?

It certainly is! Storing by the box with companies like The Box Co. is a great way to keep your storage safe.

Not only do all their boxes come with £100 insurance per box, all of their storage facilities have 24/7 surveillance and strict access controls.

With their company responsible for collecting and returning your items right to your door, they avoid the need of multiple people entering their premises so that they can keep it as secure as possible.

Comprehensive Storage Insurance

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

Research specialist storage insurers or choose a storage solution 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.