Insurance is compulsory for anyone using self storage either personally or in a business capacity. This provides cover for the contents you place in storage and is very similar to household or business contents insurance. The insurance will cover you for loss or damage to any of the goods you place in storage upto the value that you declare.
There are a few things you need to know about self storage insurance.
All self storage operators will require you to take out insurance although not all operators will require you to use their insurance product. In general if you are a personal user of self storage you will be required to buy the operators standard insurance. If you are a business storer you may have the option to purchase your own insurance or cover the item in storage within your standard contents cover.
A tied site is one that will only accept you as a customer if you take their insurance. An untied site will allow you to source your own insurance although you will be required to prove you have adequate insurance before you will be permitted access to your self storage room.
All operators calculate the cost of insurance based on the declared value of the items stored. It is essential that you calculate the value of the items you store accurately. In the unfortunate event that you need to claim for loss or damage the insurance will only cover the goods upto the maximum value of the declared items.
Insurance is quoted at a price per thousand of goods stored per month.
As a personal customer you will often be required to take out the self storage operators insurance. Our search will show whether a site requires you to take out their insurance using the following logo [logo].
Business customers can often source their own insurance although their will be specific clauses that must be included within the independently sourced insurance. We would always recommend that you double check the insurance terminology with the specific site operator before committing to a 3rd party insurance product.
In order to provide insurance an operator will need to be FSA registered. FSA compliance means that an operator has sufficient training to provide advice and sell insurance products. Often an operator will use a third party specialist insurance company to provide insurance.
We are unable to offer insurance at the moment. However, if you would like to obtain an independent insurance quote for your storage you can do so via www.insurastore.com