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Storage Insurance? Here is Why You Need It.

storage insurance, self storage, storage units

Early August 2017 gave us two reminders:  Police in Franklin County  Missouri reported theft of about 30 firearms stolen from storage units on Aug 8. Thieves cut a hole in the fence and then cut the locks to 24 units. Other things stolen were 10 flat screen TV’s and jewelry.  Another was in South Carolina on Aug 10 where a thief broke into Village Self Storage and stole $30,000 in landscaping equipment from two storage units.  Everything in self storage is at your own risk – theft is not covered unless you have insurance.

Why Should I Bother With Storage Insurance?

1. Peace of Mind

Do you remember a time when you realize that you have had something stolen? You pat your pocket feeling for a wallet or phone and it’s not there. That sinking feeling knowing that you just lost something is that same feeling that having storage insurance prevents. Anyone who goes through a home robbery knows the relief after the shock that all their stolen items are fully covered. Don’t leave yourself open to theft, insure the things valuable to you.

2. Low Cost

If there is one thing storage insurance is not, its expensive. Our lowest option is $9.00 per month which will cover $2000 worth of goods. Just make sure to have detailed records of what was inside your storage locker. Having photos of everything is also a bonus and make the insurance process a lot quicker should something happen.

3. Home Insurance ≠ Storage Insurance

That’s right, you may think that by having home insurance or renters insurance it will also cover your storage unit. However, you may be very wrong and when something happens your coverage won’t carry over. Be sure to double check with your existing insurance agent prior to refusing storage insurance.

We haven’t heard of any of our tenants regretting storage insurance, for such a small monthly cost, if something goes wrong, they are very happy to have it.



  1. Monroe Farrell says:

    There are a number of reasons why you might not need to use your car for a time, and why you might consider dropping your insurance while you’re gone. But is it a smart thing to do ? Does it make sense to cancel the insurance on your car while it’s in storage ?

  2. Root says:

    Amazing Site. Really enjoyed reading.

  3. Tyler Meredith says:

    I like that you mention how storage insurance can provide a lot of peace-of-mind when storing items for the long-term. It makes sense that although storage units are safer than ever, with available security measures and cameras, insurance might not seem necessary. Since what I need to store is considered quite valuable to my family, having insurance as a secondary means of protection could help keep my mind at ease for if something does happen.

  4. William Law says:

    Shops that require protection for high risk goods held on the premises will usually need to declare the total values of each stock item. High risk shop stock and goods are those that attract thieves and are expensive to replace. Examples of high risk stock items are electronic equipment, cigarettes, and tobacco, designer clothing, computers and digital equipment, software, computer games and consoles, drugs pharmacy and medicines, watches and jewellery, mobile phones and radios, photographic equipment, power tools, TVs, DVDs, CDs and Wines and Spirits.

    If your shop has high risk stock you can reduce the cost of your premiums by having adequate security in place. This includes an insurance company approved burglar and fire alarm, window grills, shutters and bars, CCTV and sprinklers. Many shop insurers will only offer stock cover if the minimum levels of security are in place for all shops, regardless of the stock contents held. A lot of insurers may offer further large discounts to the premium if the shop owner lives on or above the premises and is there at night.

    Shops by their very nature deal with members of the public and a good insurance policy will usually contain liability cover as standard. This should include Public Liability of up to ?2,000,000 for any one claim by a member of the public who may suffer loss or injury visiting the shop.

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