Frequently Asked Questions about Self-Storage Insurance
What is self-storage insurance?
Self-storage insurance is a policy that provides coverage for the contents of your storage unit. It protects you from having to cover the costs of replacing or repairing items in your unit that are damaged outside of your control.
What does self-storage insurance protect against?
Having self-storage insurance is essential to safeguarding your belongings from unforeseen destruction. It provides essential coverage and compensation for loss or damage due to events like fire, theft, natural disasters, and vandalism.
Are my belongings covered by my homeowner’s or renter’s insurance policy?
Many homeowners or renters insurance policies provide coverage for items kept in self-storage, but that coverage is often limited. Investing in self-storage insurance creates coverage specifically tailored to your unit and the items you store in it.
What is not covered by self-storage insurance?
ome events are not covered by self-storage insurance, so contact your local facility for specific information. Additionally, prohibited items kept in storage, such as cash, jewelry, firearms, and illegal substances, are not covered by insurance. Contact an Absolute Storage-managed facility near you for more insights.
Does the insurance cover mold or mildew damage?
No, self-storage insurance does not typically cover mold or mildew damage. Keeping your things in an unregulated environment can lead to mold, mildew, and other issues impacting sensitive items. We recommend keeping sensitive belongings at risk of mildew, mold, or temperature-related damage in a climate-controlled storage unit.
Can self-storage insurance cover business inventory?
Yes. If you’re a local entrepreneur or business owner, self-storage insurance can give you peace of mind for your stored inventory and other company equipment. Specific coverage details may vary between facilities.
How can self-storage insurance save me money?
While it comes with an initial upfront cost, paying a small fee for self-storage insurance can be financially beneficial in the long run. Many people assume they won’t be unlucky enough to have their things destroyed. Still, suppose you find yourself in this position without insurance. In that case, you may spend hundreds or thousands of dollars replacing damaged items.
Does self-storage insurance protect against liabilities?
Self-storage insurance can help limit potential liabilities. It provides coverage for potential losses or damage due to unforeseen destructive events, which can save you from footing the bill. Insurance can also help mitigate legal expenses in the case of lawsuits related to damage to your stored goods, providing further peace of mind.
What is an insurance deductible?
An insurance deductible is the amount of money you must pay out-of-pocket before your insurance coverage kicks in to pay for a covered loss. In other words, it’s the maximum portion of the insurance claim you are responsible for before the insurance provider steps in to pay the rest of the cost.
How do I pay for self-storage insurance?
It’s easy! Absolute allows you to pay for your self-storage insurance when you pay your monthly bill. Our secure online payments allow you to make transactions from anywhere. Explore our self-storage leasing FAQ page to learn more details.