Why Rental Insurance is Essential for Your Self Storage Unit

graphic of self storage riskAlthough we have a state-of-the-art security system for our Cedar City storage units, we highly recommend rental insurance.

Self-storage is a store-at-your-own-risk proposition.

No matter how professional the facility, theft or damage are still possibilities, however unlikely.

No location is completely immune from natural disaster.

Insuring the valuables in your self storage space in Cedar City is simple, inexpensive, and smart — even if you’re just storing for a short time.

Homeowner’s and renter’s insurance policies usually don’t cover valuables you’ve removed from your home to store in another location.

Insurance Options

When choosing a rental insurance policy, make sure it covers loss due to fire, flood, weather, theft, and other events beyond your control.

There are three self-storage insurance options:

  1. Insurance purchased directly from your self-storage facility
  2. Insurance though an independent self-storage insurance agency
  3. Insurance through a private insurance agency

How Much Does Self-Storage Rental Insurance Cost?

The cost of self storage insurance depends on the company and coverage you choose.

Most insurance policies for Cedar City self-storage units are relatively cheap.

They usually cost about 50 cents to $2 for every $100 value amount of storage. Deductibles can range from $100-$500.

On average, coverage starts at $1,000 for $6 per month and ends at $15,000 for $24 per month.

Save Money By Adding Rental Insurance to Your Existing Policy

If you already have renter’s or homeowner’s insurance, you may be able to add storage insurance to your current policy.

Your rates will be much lower than if you were to insure with a specialty storage insurance company and you may even qualify for a multiple-line discount.

We want to make sure your valuables are safe and protected in your Cedar City storage unit.

Please contact us for additional information regarding self-storage rental insurance.

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