Understanding Storage Unit Insurance: What’s Covered and What’s Not

When renting a storage unit, ensuring the safety of your belongings is a top priority.

But what happens if the unexpected occurs? Storage unit insurance can provide peace of mind, covering your items in case of damage or loss.

This comprehensive guide explores the ins and outs of storage unit insurance, including what’s covered, what’s not, and how to choose the right policy for your needs.

Why Storage Unit Insurance Matters

While storage facilities take numerous precautions to protect your items, accidents and unforeseen events can still happen.

Storage unit insurance offers financial protection, reimbursing you for losses caused by incidents such as theft, fires, or natural disasters.

Without insurance, you might find yourself facing significant out-of-pocket expenses to replace or repair damaged belongings.

Types of Storage Unit Insurance Policies

Insurance policies for storage units can vary, with each offering different levels of coverage. Understanding your options is key to finding a policy that suits your specific needs.

Homeowner’s or Renter’s Insurance

Some homeowner’s or renter’s insurance policies include coverage for items stored off-site. However, this coverage is typically limited, and may not be sufficient for high-value items or comprehensive protection.

Review your policy carefully to determine if additional storage unit insurance is necessary.

Storage Facility Insurance

Many storage facilities offer their own insurance policies, often as an add-on to the rental agreement.

These policies can provide coverage specifically tailored to storage units, but may come with higher premiums or limited options.

Third-Party Insurance

Independent insurance companies also offer storage unit insurance policies.

These can provide more flexibility in coverage and pricing, allowing you to customize your policy to fit your needs and budget.

Nationwide and Yardi (GoodShield) offer quality plans for self storage unit renters.


What is and isn't covered
What does storage unit insurance cover…

What’s Typically Covered

While specific coverage can vary depending on the policy, most storage unit insurance policies cover the following:

  • Theft: Insurance can reimburse you for items stolen from your storage unit, provided there is evidence of forced entry.
  • Fire or Smoke Damage: If a fire occurs at the storage facility, your policy can cover the cost of repairing or replacing damaged items.
  • Water Damage: Coverage for water damage is typically provided in the case of leaks or flooding due to natural disasters, such as storms or broken pipes.
  • Weather-Related Damage: Some policies cover damage caused by extreme weather events, like tornadoes or hurricanes, but coverage may vary depending on your location and the specific policy.
  • Vandalism: If your storage unit is vandalized, insurance can help cover the cost of repairs or replacements for damaged items.

What’s Not Covered

Just as important as understanding what’s covered is knowing what’s not covered by your storage unit insurance policy:

  • Mold and Mildew: Most policies do not cover damage caused by mold or mildew, as these issues often result from improper packing or storage techniques.
  • Vermin or Pest Damage: Damage caused by rodents, insects, or other pests is typically not covered, as it is the responsibility of the renter to properly store and protect their belongings.
  • Normal Wear and Tear: Insurance policies do not cover the natural aging and deterioration of items in storage.
  • High-Value Items: Some policies have limits on the coverage for high-value items, such as jewelry, artwork, or collectibles. You may need to purchase additional coverage for these items.
  • Acts of War or Terrorism: Most policies exclude coverage for damage or loss due to acts of war or terrorism.

Choosing the Right Coverage Amount

When selecting a storage unit insurance policy, it’s essential to choose an appropriate coverage amount.

To determine this, you’ll need to assess the value of the items you plan to store.

Create an inventory list, including the estimated value of each item.

This will help you determine the total value of your belongings and select a policy with enough coverage to protect your investment.

Additional Tips for Protecting Your Stored Items

While insurance provides valuable protection, taking additional precautions can help prevent damage or loss in the first place.

Consider the following tips:

  • Choose a Reputable Storage Facility: Research storage facilities and select one with a strong reputation for security and cleanliness.
  • Invest in a Quality Lock: Purchase a high-quality lock to secure your storage unit, reducing the risk of theft. Storage centers often sell quality locks on premises.
  • Properly Pack and Store Your Belongings: Use appropriate packing materials and techniques to protect your items from damage, including using climate-controlled storage when necessary.
  • Visit Your Storage Unit Regularly: Regularly inspect your storage unit to ensure that your items remain in good condition and to address any potential issues promptly.

Storage unit insurance is a vital consideration when renting a storage unit, providing financial protection for your belongings in case of unexpected events.

By understanding what’s covered, what’s not, and how to choose the right policy, you can enjoy the peace of mind that comes with knowing your items are protected.

Combine insurance with proper packing, storage techniques, and regular visits to your storage unit to maximize the safety and security of your stored belongings.

By Aaron

Articles by Aaron. Having travelled across the country, I've rented several units over the years along with finding a place for the boat and a place for the RV. I've got several favorite storage centers. Since I have a Bachelor of Science Degree, several of my friends ask me where to get the best storage rates. Fortunately, I know exactly how to help them. That's why this information on this website is here to help as many people as possible.