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Why do I need Self Storage Insurance?

Published On: 3 January, 2015|2.5 min read|

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Why do I need Self Storage Insurance?

All goods stored in Self Storage spaces are insured. Self Storage Insurance is an inexpensive way to ensure protection of your goods whilst they are stored in. If your goods are worth storing they are certainly worth insuring. There are three types of insurance:

1. Self Storage Insurance. This is a fast way to insure your goods that you store in Self Storage. Certain items are not covered but overall you can insure most goods, expect for any exclusions. Cover starts as soon as you sing the form.
2. Insurance by your Insurance Company. Ask your insurer if they will cover your goods whilst stored at Keepsafe Storage. At sign in, please show us a cover note or the company you have insured with.
3. Self Insurance. Self Insurance means you will accept any loss of your goods at your own expense. You will have no claim against the Self Storage site if your goods are damaged. We recommend option 1 or 2.

Not all household cover extends to Self Storage facilities and in many cases you are not insured when the goods are not on your property so please check with your insurer if you are covered. Insurance is entirely your responsibility.

Self Storage insurance caters for defined events that are out of control of the self storage operator. The premiums are low and can be paid monthly with your storage fees. The Self Storage operator is not obligated to replace your goods if they are damaged in an event at the Self Storage facility. That is the purpose of the insurance that is offered to you at the time you move in.

Self Storage facilities are pretty safe and as an industry we are very proud of their safety record, but you cannot predict events of the future and that is why some form of Insurance is prudent to protect the value of your goods.

One important aspect is not under ensure your goods, if you believe your goods worth $50,000 or it would cost 50,000 to replace them, then take at least $50,000 of insurance cover. All insurers assess the damage versus the cover and you do not want to penalised for under insuring your goods.

An important point: if you store your goods with your friends or family and something happens to those goods they are not covered under your friends or families household policy. You risk the loss of your goods and friendship. Storing with third parties that are not insured can lead to the tragic loss of your goods and loss of valuable friendships. Don’t take the risk that you may not get your goods back storing with anyone other than a Self Storage Association Self Storage member. We abide by a code of ethics to protect your goods in storage.

Ask our friendly staff at Keep Self Storage about your Insurance options. Storing with KeepSafe Storage is easy and we want you to totally comfortable knowing your goods that are stored with us are safe and insured.

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