Friday, July 1, 2022

Are your Items in Self Storage Insured?

home-girlThe start of a new year and decluttering seem to go hand in hand. As you sift through your assortment of possessions, certain belongings will not fit into the “toss,” “sell” or “donate” piles. Some items you cannot stand to part with due to sentimental value, like your grandmother’s vanity set or your college record collection.

Other items you might be saving for future use, such as when you get a bigger place.  A lack of attics and basements in most Florida homes might leave you short on storage space.

While storage units are popular with those moving, the Self Storage Association reports that 1 in 10 American households rent a storage unit. Fifty percent of renters are simply storing what does not fit in their home.

Before renting a storage unit, call your insurance agent or review your homeowners insurance or renters insurance policy. “When you sign up to rent a storage unit, the self storage company may try to sell you insurance, but chances are you have coverage provided through your homeowners insurance or rental insurance, says Ellsworth Buck, Vice President of GreatFlorida Insurance.

Check if your policy covers items that are stored at an alternate location other than your home. While a renter’s insurance policy or homeowner’s policy will cover your belongings, it might not cover them as fully as the ones kept in your home.

Stored belongings might only be covered by a small percentage.  Exclusions your homeowners or renters policy might not cover include flood or water damage, mold and mildew as well as losses incurred from the failure to maintain the unit properly, which is the responsibility of the storage company.

If you are storing a valuable collection, you might require a personal liability or umbrella policy for additional coverage and peace of mind.  If you plan to keep a vehicle, motorcycle or ATV, you will most likely require separate auto insurance.

To properly safeguard your things, Self-Storage has recommendations for selecting a storage facility to suit you and your belongings.

  • Be sure to select a facility with adequate security measures
  • Choose a climate controlled unit that will protect against mold and mildew.
  • Pest Control should not be an issue
  • Pest Control should not be an issue
  • Keep a record of what you have in storage along with the estimated value of each item and a picture.

If you are planning to move into a new home or rental property, make sure you are covered. Agents at GreatFlorida Insurance are available to help you find the right amount of coverage you need from your homeowners insurance or rental insurance policy to fit your budget. Contact us today for a free quote.

Ellsworth Buck
Since 2003, Ellsworth has served as Vice President of GreatFlorida Insurance, a network of independent, franchised insurance agents located throughout Florida. During his tenure he has helped the franchise grow to more than 100 independent locations state wide. He is a 20+ year veteran of the Florida Insurance industry and is a graduate West Virginia University, earning his M.B.A in 1984. He lives with his wife in Stuart, Florida. For more information visit:

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