The cost of renting a storage unit to store your belongings is very low, and so is their usage. The many benefits storage units offer to people all over the globe are unmatched. They allow them to store valuables and seasonal items in a safe and secure environment. But, there is one question that every storage unit user must ask. Do I need storage insurance?
When renting a storage unit, storage insurance is not required. The price will vary depending on the type of storage unit that you rent, the location of the unit, the size of the unit, as well as the company’s requirements. These factors should be considered before you purchase insurance to protect your storage unit.
What are you storing?
These storage units can be used for more than just household goods. They are used by construction companies to store valuable equipment, materials, and moving companies to store customers’ valuables. Offices can also use them to store equipment during renovations, or to store documents that are not required daily. There are many uses for self storage units today. It is important to consider what is being stored.
Standard clothing can be easily thrown out if the storage unit is damaged or compromised. Vintage clothing is very valuable and difficult to replace. Furniture is the same.Storage insurance is something you should consider if you are looking to replace antique furniture or expensive pieces.
Look at the overall value of what you have stored. It is easy to find out the value of an item by looking it up online. Make sure you do your research before making a decision. Vehicles and large items like vehicles should almost always be insured before being stored.
Are you planning to store in an area susceptible to bad weather?
Most storage facilities do not consider average weather. Although a little rain, wind and thunderstorm are not a problem, it is important to remember that weather can change quickly. Flooding, tornadoes and hurricanes are all possible. Although storage facilities can withstand a lot, 90-mile per hour winds from tornadoes, excessive rains and flooding from hurricanes can cause significant damage to them. Storage unit insurance is a good investment if you live near severe weather areas.
The crime rate in your area
Criminals are almost as unpredictable as a storm. Thieves with very few tools can sometimes break into storage units and take everything that you have stored. While storage facilities have surveillance systems in place to catch thieves, this is often only done after the damage is done. Thieves are quick and will often sell the items they steal before authorities catch up to them. Uninsured items can often be lost forever.
While crime is not an issue in all areas, it is increasing in places that historically had low levels of crimes each year. You can’t be too careful when your valuables are at risk. Storage insurance can help you to protect your home and property from crime.
What is the insurance cost?
If the storage unit you are keeping is of significant value, insurance for it will cost you a very small amount. There are many insurance options available for storage units. If you store high-end antiques, choose the more expensive insurance. The basic insurance package is sufficient if your items are low-end.
What does the storage insurance cover?
This is an important factor to consider when looking into storage unit insurance. Insurance companies are known for creating loopholes in their policies. When purchasing storage unit insurance, make sure you read the contract. Some policies only cover theft. Others do not cover flooding. Make sure you have the right insurance and know where and how much you store. To prove the contents of your unit, you may want to take several photos.
Is your homeowner’s insurance able to cover the cost of home items?
This may seem odd, but some people think that items stored in storage units are still covered under their homeowner’s insurance. This is not true. Your homeowner’s policy covers your home and your personal property. You cannot store household items in storage facilities. You will need to buy separate insurance to store items in the facility.
What is the overall value of what you are keeping?
The value of an item is not only determined by its monetary value. You can store sentimental items and family heirlooms in storage facilities. It is impossible to replace unique pieces or sentimental items. It is tempting to ignore these items because they are not replaceable. However, if your unit is insured, you have the option of having it repaired or purchasing a replacement.
These are all important factors to consider when looking into storage facility insurance. Although you may not need the policy to cash out, it can be a comfort to know that if something happens to your storage unit, you will at least get a payout. You have the freedom to decide whether you want to purchase storage insurance. However, it is better to have it than not to have it.
Call Greenbar Secure Storage
Greenbar Secure Storage has a wide range of storage units available in Prineville, for Bend, Madras, and Redmond. They offer a variety, including ground-level access, security cameras, 24/7 accessibility, and parking spaces. Locally owned and operated, we are the best choice for convenient and clean self-storage units. All of our commercial storage clients accept deliveries from businesses to make things as smooth as possible!
- Extra security and family-friendly
- Unbeatable onsite entrance tech
- Each unit is protected by a unique code
- Access your unit at your leisure
- Save money and have convenience when you most need it
We are proud of the many layers and security of control we have put into our secure storage units such as:
- High, heavy-duty fencing surrounds the storage facility at all locations including Redmond
- You can access your unit via electronic access using personalized codes.
- Timed access to individual units after entry and an automatic reset of security
- Galvanized steel walls are almost impossible to crack in storage units in Madras and our locations in Central Oregon.
- All hours of the day and night, well-lit areas in Bend and other Greenbar Secure Self Storage centers.
- A resident storage manager who lives on-site, carefully selected and screened and selected out of Prineville.