Whether you rent a storage unit or an apartment, you will be faced with the decision to choose or decline renter’s insurance or storage unit insurance. You may be stuck trying to decide whether or not you need either of these and how they will help you out in the long run.
The cost of these two insurances is minimal compared to what they do cover, but neither of them are mandatory for you to have.
What Do These Insurances Provide You With?
Storage unit insurance protects the items that you store within your storage unit. If a disaster happens such as theft, fire, or flooding, the insurance will kick in and cover the items that you had stored in your unit. Often times, you can purchase this additional insurance through a third-party, the storage facility itself, or your homeowner’s insurance may cover it.
You will be required to make a claim when damage occurs and it may take some time for the company to pay out; however, you will receive compensation for your items.