Self storage insurance: What it is and tips for the best coverage
A good self storage facility will always provide insurance for the goods you want to store with them. Most of us have insurance of some kind or another, whether that be home, car, or life insurance. And it’s fair to say that, unless it’s a legal necessity, it’s almost too easy to put off organising it. However, it only takes a second to realise how good insurance is for peace of mind. As soon as we have an accident and need to make a claim, it’s incredibly reassuring to know you’re in safe hands and that there are insurance company professionals there to help pick up the pieces.
Have you considered insuring your storage items?
Instances where accidents tend to happen a lot can be when you’re moving home, or moving your goods to a new location. Whether you’re using a removal company or putting your goods into storage for a short period, you’re instantly increasing the amount of risk around your items simply by moving them.
We’ve put together some great tips to help you reduce this risk; to help protect your items and get through your move as smoothly as possible.
1. Don’t simply go for the cheapest quote
When moving home, it’s vital to find a removal company that you can fully trust with all your worldly goods. Don’t be tempted just to go for the cheapest quote because they are so much less than the rest. There are often underlying reasons why they are the cheapest. Lack of insurance being one of them!
Remember, if you’ve got a quote that is way cheaper than everyone else’s, there’s always a reason for it. If it looks too good to be true, it probably is, and you could end up losing valuable coverage that you believe you’re paying for.
2. Look for gaps in their insurance policy and check what you’re covered for
Any reputable company will quite happily show you their insurance policies and explain what you’re covered for and what you’re not covered for.
Removal companies have insurance on their vehicles because the law states that you have to have it, but the same is not the case with having to insure your goods when they are carrying them.
This is often one of the areas that questionable firms choose to ‘forget’ about in order to save money. It may also explain why they are able to offer a quote that is cheaper than everyone else’s.
3. Take out insurance even if moving your items yourself
Even if you are moving into storage, insurance is still an important point to take into account.
As hard as we try to keep your goods safe whilst they are in our facility, there is always an outside chance of an event occurring that is beyond our control, such as a fire or flood. When you take out our top class insurance, you have the reassurance that your goods are fully covered, leaving you with one less thing to have to worry about.
4. It’s always better to be over-insured than under-insured
Please do not underestimate how much your goods are worth. Just look round the room you are in now and try to imagine how much it would cost to replace every item.
Insurance companies suggest that the total contents of a three-bedroom house is somewhere in the value region of £40,000. It sounds like a lot of money, but things soon add up. An average three-piece suite would cost £1,000 – £2,000 to replace, a TV is easily £500, a wall unit can be £1,000. That’s £3,500 for just those three items, without even really thinking about it!
It’s always better to be over-insured than underinsured! Talk to us today if you would like any further advice on the insurance services we offer, we’re always very happy to help bring you extra peace of mind.