Should You Insure Your Self-Storage Unit?

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Stay protected with the right insurance coverage.

When it comes to your self-storage unit in Philadelphia, you can never be too careful. From outdoor weather elements and extremes such as record-breaking heat waves, flash floods, and even tornados to criminal activity, insurance policies on your self-storage unit are highly recommended and encouraged by EZ Storage in Philadelphia.

You’ve invested a lot into your belongings, so it’s vital that they’re protected. At EZ Storage in Philadelphia, we want to help keep your items safeguarded, which means securing them with an insurance policy. Learn more about your options here.

Get Peace of Mind With Tenant Insurance

Storage facilities are great because you can essentially “set it and forget it,” meaning you can load up your storage unit, lock it up, and know that all is well. But, not always!

Not to get all doom and gloom, but consider the reality of things — most of the time things go according to plan, but not always. It’s in these small instances when you need tenant insurance.

Tenant insurance is like any other insurance such as medical or automobile — you don’t always need it, but when you do, you are so thankful to have it. This type of insurance covers the property of your self-storage unit in the event of damage, loss, or burglary. In fact, it can even include pest infestations!

Most homeowner’s and renter’s insurance policies can be adjusted to include cover on your storage unit, just be sure to work with your insurance provider to know exactly what the coverage is and when it takes effect.

If you can’t get tenant insurance through your homeowner’s or renter’s policies, there is always the option of a third-party insurance policy. If you’re looking for a this-party insurance company, EZ Storage in Philadelphia is happy to provide you with some trusted companies!

Homeowner’s and Renter’s Insurance

It’s important that you always verify what your homeowner’s or renter’s insurance policies actually cover, and that the storage facility accepts this type of policy. A couple of questions to ask include:

  • Does my policy cover belongings that are stored outside the home and in a storage facility?
  • If it is covered, ask that they verify exactly where it states this in your current policy.
  • Is there anything in the policy that won’t cover specific items?
  • Ask your storage facility exactly what kind of proof of insurance they require.
  • Third-Party Insurance

There are a variety of third-party insurance providers that offer tenant insurance. When inquiring, look into factors such as:

What they cover – It’s important to know exactly what they’ll insure and any coverage limits — you may need maximum coverage that certain companies may not offer.
Policy guidelines – Know exactly what you need to do and learn about any rules you need to follow in order to be insured.
Inventory regulations – Some insurance policies won’t cover specific items such as jewelry or other kinds of valuables. With any high-value items, it’s always standard to get an appraisal that you can include with your insurance policy.

When it comes to insurance items, it’s important to research different coverage options to get exactly what you need.

The Necessity of Tenant Insurance

Some people may try and talk you out of getting insurance coverage because they claim it’s unnecessary, but there are so many advantages to having it, even if you’re only a short-term renter.

Disasters can happen, and it’s important to be prepared — not only can you lose high-value items but sentimental items that can’t be replaced. Don’t risk losing the family heirloom armoire or boxes upon boxes of pictures.

Keep in mind that unforeseeable events occur — we never thought we’d be seeing tornadoes in Philadelphia, but they’ve been happening, along with flooding and other natural disasters. You really never know what’s going to happen, a drunk driver could crash into your storage unit and burglaries do happen.

The Small Price and Big Payoff of Tenant Insurance

Depending on what company you use and the coverage you select, tenant insurance is extremely affordable, ranging anywhere from $12 to $20 per month. This is such a low cost compared to losing thousands of dollars in damage if you’re not insured.

Partner With EZ Storage in Philadelphia

Our Philadelphia location takes the safety and security of your belongings seriously. We do our part by using state-of-the-art surveillance and exterior lighting, in addition to door alarms and resident management.

We highly advocate that all of our Philadelphia tenants get coverage for their belongings whether it’s through their homeowner’s or renter’s insurance policies or through a third-party vendor. It provides everyone involved with peace of mind that should the day come when something happens, that the storage unit is protected.

What are you waiting for? Get tenant insurance today!

To learn more about our available self-storage units, connect with us today!