Do You Need Insurance for Storage Containers?

You aren't required by law to have storage container insurance to protect your belongings, however, if you are storing something of value it's always a good idea to ensure you're covered in the unfortunate incident of damage to your property or theft.

Here at Blue Box Storage we don’t require you to have insurance when your hire a storage container from our facility, we have secure 24/7 security in place to create a safe environment, but unfortunately, just as your items would be at home, there's no guarantee of complete safety. So, we've written this article about storage container insurance so you can decide on whether you need it.

Storage Container Insurance

Sometimes a proof of insurance coverage for your stored property is required before a rental agreement can be signed at some Storage facilities. Enrolling for any new insurance coverage can be confusing or misleading at times, so it’s essential to have all your questions answered before committing to having your belongings stored here at Blue Box Storage.

However, how does one go about getting the needed insurance for a storage container? Does renter’s insurance provide coverage for the property stored in a storage unit? What about homeowner’s insurance? In this guide, Blue Box will answer these common questions and more.

What is insurance for storage containers?

Self-Storage Insurance can be taken out to cover personal belongings whilst being held in a storage container or at a storage facility, there are a variety of policies out there that offer different levels of cover, but it's essentially a contents insurance, but specifically for your storage unit.

However, sometimes it doesn’t quite cover everything. For example, certain limitations can cause you not to have any at all – No coverage for dangerous contents such as, flammable liquids or toxic chemicals, and no coverage for storage that contains any form of currency such as, cash, coins, credit cards, cheques, bank drafts, vouchers, and lottery tickets.

So, do I really need Insurances? Short answer – Yes! While the vast majority of self-storage facilities are incredibly secure with sophisticated surveillance systems and fires are very rare because of strict safety practices and fire regulations, there will always be some risk associated with any stored items.

Tenant Cover

This is another storage container insurance option designed to cover the property stored inside the Storage Container or Storage Box in the event of a Burglary, damage, or loss. Some homeowners and renter’s insurance policies will cover items stored off-site, so check your policies before you sign up to something new.

Storage Facilities will have access to a Tenant Insurance Program so the customer may purchase coverage on the spot.

What are the Reasons? Someone may have convinced you that insurance coverage over your stored belongings is unnecessary, especially if you are storing on a short-term basis. However, you can gain peace of mind that, if something were to happen, you're protected in the long run.

What are the Rates?

The cost to attain the coverage will vary depending on the value of what you’re storing, your location and several other factors. In general, they can be inexpensive and can usually include a monthly premium with a rental payment.

If your policy has more coverage options, like liability insurance or flood insurance, the policy could cost more. Remember, you might save money by combining your policy with a homeowners or renters policy. Make sure you read your terms thoroughly, so you understand what everything costs.

Free Quote

If you’re interested in storing your belongings with us, don’t hesitate to contact us for a Free Quotation – we can send this to your email the same day. Alternatively, you can call us on 01302 593593.

You could also schedule to see our facility to know more about us. Schedule a visit to our Storage site in Doncaster, we can show you around and show you the containers that we have on offer.