By storing items at a storage property, you are saying these items are important and you want to keep them covered and secure, however if you don’t have tenant insurance you are putting your belongings at risk. Tenant insurance can help cover the cost of replacement in event of burglary, damage or loss. Making sure you get enough coverage for the items your storing can be tricky and asking your insurance company is a great first step because some high ticket items like furs or jewelry are typically not covered. These days all storage properties have surveillance and access control systems in place that monitor the property, however that is not a full proof system of protecting your belongings. Tenant insurance gives you the peace of mind in the event of loss they can typically reimburse you for those lost items. Whether you have homeowners, renters or if you choose to go with a company that deals specifically with storage insurance you know that you’ve made the right decision protecting your stored items.
One of the most common misconception about tenant insurance is the cost, and that can vary depending on the value of the items your storing, even the location of the storage business itself. Tenant insurance is just like auto or home owners insurance, it has a monthly premium cost and can range from $10.00 to $20.00 per month depending on the value of your items. Some storage companies offer tenant insurance and you can pay it with your monthly rent, however some home owners policies can add it and save you money by bundling.