Since 2018, it’s estimated that almost 23,500,000 different self-storage units are operational across the entire United States.
If you’re like most people across America, that figure means you probably have a few things stored in a storage unit. Maybe you have some furniture that you don’t have room for, or maybe you just need to free up some space in your house?
Whatever the reason, it’s important to make sure that your belongings are protected. That’s why many people choose to purchase insurance for their storage units.
But is this really necessary? Read on as we answer whether or not you should get insurance for a storage unit so you never have to worry about the question again.
Is Storage Unit Insurance a Legal Requirement?
No, insurance for your storage unit is not a legal requirement. But that doesn’t mean storage insurance isn’t essential if you want to store your belongings in a unit.
The reality is that most storage facilities will require that you have some form of insurance before they will allow you to store your belongings in their facility.
This is because they want to protect themselves from any liability if something were to happen to your belongings while they’re in their care. They also want to make sure anything you store is protected.
In most cases, storage facilities will need you to take insurance out that can remunerate you for everything stored.
That means the answer to the key question is relatively simple. Yes, it is essential that you take out insurance for your storage unit.
Otherwise, even though it’s legal not to, you probably won’t be able to store your belongings at all.
How Much Does Storage Insurance for a Storage Unit Cost?
The cost of storage unit insurance will vary depending on a number of factors. Some of the main ones include:
- The value of your belongings
- The amount of time you’re storing your belongings for
- Whether you’re paying monthly, annually or as a lump sum
- Where your belongings are being stored
You should be able to organize a monthly plan for the best insurance that varies from around $7-$60 a month.
But it’s important you discuss this with your insurance provider before agreeing to a deal.
What Does Storage Insurance Include?
The extent of coverage storage insurance provides you with will depend on the terms you agree with the company you’re working with.
The best way to find this out is to request a free quotation from your insurance provider.
If you’re looking for insurance for your storage units on a transparent monthly pricing plan, explore your options by visiting a reputable site such as snapnsure.net.
Where Can I Find Out More About Storage Insurance?
You should now know the answer to the question of whether or not you need insurance for a storage unit. Just to clarify, the answer is always yes.
If you’d like to learn more about storing your belongings, or you’re interested in reading more informative articles, please make sure to browse through some of the previous posts on our website.
