If It’s Worth Storing, It’s Worth Protecting with Insurance
You have residential or commercial insurance on your property, so why wouldn’t you insure your belongings located in storage? Get reasonably priced self-storage insurance from U•STORE•IT, and have confidence your belongings are fully protected.
Explore frequently asked insurance questions below, and then contact us for more information about this product.
Q: What does self-storage insurance cover?
A: Self-storage insurance protects you against damage to, or loss of, your property from causes including fire, earthquake and water damage. There are some qualifications and exclusions; a copy of the Certificate of Insurance or Policy is available at your facility’s office.
Q: Won’t my homeowner’s insurance cover my property in storage?
A: You may opt to use your homeowner’s or renter’s insurance; however, many of these policies provide limited coverage for property located in self-storage. Please check with your insurance agent to see if it will be in your best interest to utilize your policy. Additionally, many homeowner and renter policies have steep deductibles (typically $1000) that can persuade you not to file a claim if the unfortunate happens, and many times filing a claim can raise your monthly premium or, worse, cancel your policy altogether.
Q: Which types of property are eligible for coverage?
A: Almost any personal property you store is eligible for coverage. Some of the exceptions are items such as accounts, bills, firearms, currency, deeds, evidences of debt, securities, money, notes, jewellery, watches, precious/semi-precious stones, motorcycles/vehicles, furs and garments trimmed in fur.
Q: Is flooding covered?
A: Unlike regular homeowner’s policies, damage from sewer flood or rising water is covered.
Q: Is my workshop or office space in my storage space covered?
A: No. This policy is not designed to provide liability insurance or regular business or hobby protection.
Q: What is the maximum amount of coverage offered?
A: The maximum amount of insurance that can be provided is $25,000 per insured.
Q: When does my coverage start?
A: Coverage starts when you complete and sign the Enrolment Form and pay your first month’s premium.
Q: When will my insurance expire?
A: This is a pay-as-you-go, monthly renewable policy. Your coverage continues as long as you pay your monthly rental rate and insurance premium. You may terminate your lease at any time.