Self storage insurance protects your stored belongings against any potential damage, loss or theft.
Though storage units, warehouses and companies tend to have great levels of security, there’s always a chance that unaccounted events could happen. Storage insurance accounts for this and helps give you peace of mind when storing anything from furniture to a valued family relic.
This blog will help highlight the costs of insurance, what it covers, where to buy it, and potential ways to save money on it.
Do You Need Self Storage Insurance?
I know you’re probably thinking, is this really necessary? Do I really need insurance, even if I am not storing for that long?
While you are not necessarily legally bound to have storage insurance, most storage providers request that you do, whether that’s personal insurance or bought through the storage provider, it is often expected, to protect your belongings against any potential risks.
Situations Where Insurance is Most Important
While it is always advisable to be insured in case anything happens, there are certain cases where it’s non negotiable that you will need it.
This can include, but is not exclusive to:
- When storing valuable items.
- When moving and renovating.
- When taking extended travel.
- When storing for the long-term.
- When storing business inventory.
What's the Difference Between Home Insurance Coverage and Storage Insurance?
- Home insurance covers the belongings within your home only.
- Whereas storage insurance is specifically tailored for the belongings kept outside of your home, in your unit.
Cost of Self Storage Insurance UK
This cost usually depends on the value of goods declared, with average storage insurance costs ranging anywhere between £10-£50 per month.
Factors Which May Affect This Price:
- Storage unit size
- Location
- Coverage amount (£2,000 vs. £10,000)
- Type of storage unit (climate controlled vs. standard)
At Kelly’s storage our enhanced liability starts from as little as £3.87 per week, ensuring your belongings are safe and well protected providing you with peace of mind.
What Does Self Storage Insurance Cover?
Coverage may vary depending on your provider, so it may be good to check this beforehand to ensure you get the most fitting service for your belongings.
Usually covered risks: Fire, theft, water damage, and natural disasters.
Risks that may vary between providers: Pests or vermin infestations, mold or mildew damage and liability coverage.
What’s NOT covered: Cash, jewellery, perishable goods, existing damage, dangerous contents, and live animals.
Where Can You Buy Insurance?
There are various ways to buy storage insurance, such as:
- Directly from a storage facility (offered by the provider alongside your storage price).
- Third-party insurers (specialised storage insurance companies).
- Enhanced home insurance (extending existing coverage to items stored outside the home).
There are different pros and cons to each of these options, so we have put these in a table below to help you find the best option for your storage:
Option | Pros | Cons |
Storage provider | – Convenient – Complies with facility requirements – Tailored coverage – Quick claim process | – Higher cost – Limited options – Potentially lower payouts |
Third Party Insurance | – Affordable – Flexible – Independent choice | – Extra research required – Slower claim process – May not meet facility requirements |
Extended Home Insurance | – Cost-effective add on – May include more coverage – One policy for everything | – Lower coverage limits – May not cover all occasions – Claims can affect home insurance |
How to Save Money on Storage Insurance
The best way to find the cheapest storage insurance is by researching and comparing various options helping you find out the best deals.
Make sure you check if your storage provider accepts insurance from a third party or whether it has to be directly purchased from them.
Other ways to save money include:
- Packing items correctly to keep them well protected in your unit and prevent damage.
- Choosing the right cover necessary, don’t overpay for unnecessary add ons you don’t need.
- Bundle your insurance with existing policies, such as your home or renters insurance.
How Kelly's Storage Keeps Your Storage Safe
At Kelly’s we make storage easy with our secure door-to-door mobile services.
Our expert drivers carefully wrap and protect your belongings, from small household items to large furniture, ensuring they stay safe in transit.
Every unit and box is barcoded and scanned at every stage, so nothing gets lost or damaged.
For added peace of mind, we offer enhanced liability coverage ranging from £3,000 to £10,000, giving you the protection that suits all your needs.
Looking for Affordable Self Storage Insurance?
Get a free quote today from one of our trusted self storage experts!
