Insurance Protection for Self-Storage Facilities
Over time we acquire many things and some of our items hold more value over others. Some of us are hobbyists, or just plain enthusiasts. In either case, we end up with our own collections of things, a museum of sorts with our very own personal memorabilia. Sometimes our museums end up being self-storage units and it’s important your personal possessions are protected beyond a lock and key with homeowners or renters insurance policies.
There are definitely advantages to self-storage facilities; it’s extra space for storing your valuable treasures at a relatively low cost, almost anything can be stored in a self-storage unit and they can be easily accessed at any given time.
However certain risks need to be considered when your valuable items are stored, it’s the likelihood of burglary, fire, smoke, tornadoes, hurricanes, and many other unforeseen events can happen. It’s important to understand the cost of your personal belongings, and how much you personally value them.
Usually, standard homeowners and renter’s insurance policies can include off premise property protection for theft, damage from fires, and other types of sudden events that can cause damage. Insurance coverage needs vary differently for every individual and is based on each person’s circumstance, ranges from age, location and the protection needed from things like accidents and natural disasters.
The Self Storage Association (SSA), the industry’s not-for-profit lobby organization, defines self-storage as “the term applied to facilities offering rental on a month-to-month basis where the tenant applies his lock and has sole access to his unit.”
In simpler terms, the self-storage facility has no responsibility or liability related to any damage or loss of goods you have placed in storage. Instead, you’re required to provide proof of insurance before you can rent the storage unit. You are solely responsible for the care and protection of your valuables. To verify if your current renter’s insurance or home insurance policy provides coverage for personal property off-site, consult with your current carrier or agent.
To learn more about your insurance options and how to best protect you and your family’s belongings visit www.pettineo.com or give Pettineo Insurance Agency a call at 954.493.9424
Pettineo Insurance Agency Inc provides homeowners and rentersinsurance in Fort Lauderdale, Lauderdale-By-The Sea, Pompano Beach, Oakland Park, Boca Raton, Hollywood, Coral Springs, Tamarac, Sunrise, Hollywood, and all of South Florida.
