Storage Insurance

Storage insurance is a type of insurance policy that provides coverage for goods or personal belongings that are stored for a prolonged period of time in a storage facility, warehouse, or other storage location. This type of insurance can give you peace of mind knowing that your items are protected in case of damage, theft, or other unexpected events while they are being stored. It is important to carefully review the terms and conditions of the policy to ensure that it meets your specific needs and requirements.

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Storage insurance: Why do you need it?

Long-term storage of your valuable items can offer peace of mind knowing that your possessions are safe and secure, but it’s important to recognise that storage facilities are not immune to natural disasters, theft, or other unforeseen events. That’s why having insurance coverage for your stored items is crucial.

Here are some reasons why you need insurance for long-term storage in the UK:

Protection against natural disasters: Floods, fires, storms, and other natural disasters can damage or destroy your stored belongings. Insurance coverage can help you recoup the value of your lost items in the event of such disasters.
Protection against theft: Although reputable storage facilities will have excellent security measures in place, theft can still occur. With insurance coverage, you can recover the value of any stolen items.
Peace of mind: Knowing that your stored items are covered by insurance can give you peace of mind, allowing you to rest easy knowing that you are financially protected in case of unexpected events.

No impact on your existing insurance policy: Storage insurance can provide coverage for items that may not be covered by your existing policy, such as high-value items or items in transit. Additionally, storage insurance is a separate policy, so any claims made will not affect your existing insurance policy or premiums. It provides an extra layer of protection for your stored items without impacting your other coverage.
Cost effective: Storage insurance policies often have lower deductibles and higher coverage limits than typical homeowner’s or renter’s insurance policies, making them a more cost-effective option for protecting your stored items.
It’s a small price to pay for the added security and peace of mind that comes with knowing your belongings are protected. Additionally, storage insurance policies typically have flexible options, allowing you to choose the level of coverage that best suits your needs and budget.

Storage insurance: What does it cover?

Long term storage insurance typically covers:

Loss or damage caused by fire, theft, vandalism, and other perils
Water damage caused by burst pipes, floods, or other water-related issues
Damage caused by pests or rodents
Damage caused by natural disasters, such as earthquakes or hurricanes
Liability coverage in case someone is injured while on the storage facility premises

It is important to carefully review the terms and conditions of a long term storage insurance policy to understand what is covered and what is excluded. Some policies may have limitations on the type of items that can be stored or may require certain security measures to be in place in order to maintain coverage.

When selecting a long term storage insurance policy, it is also important to consider the value of the items being stored and ensure that the coverage limits are sufficient to cover potential losses. Additionally, it is important to properly prepare and pack your items for storage to minimize the risk of damage or loss.

Storage insurance: Where to purchase it?

To purchase long term storage insurance in the UK, you can typically obtain a quote from a specialist insurance provider that offers coverage for stored goods. The cost of the insurance will depend on various factors such as the value of the items being stored, the duration of the storage period, and the level of coverage required.

Many reputable long term storage facilities in the UK will offer insurance to customers as part of their service. In fact, it is common for storage facilities to require customers to have insurance in place before storing their belongings on the premises.

Some storage facilities may offer their own insurance policies, while others may work with third-party insurance providers to offer coverage options to their customers. The insurance coverage may vary in terms of coverage limits, deductibles, and exclusions, so it is important to carefully review the policy terms and conditions before purchasing coverage.

In addition to offering insurance, reputable long term storage facilities such as Doree Bonner will also have security measures in place, such as CCTV cameras, security alarms, and restricted access, to protect the stored belongings. They should also have clean and dry units to prevent damage caused by dirt or humidity.

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Storage insurance: In summary

Insurance coverage for long-term storage is an essential component of protecting your valuable possessions. It provides peace of mind and financial protection against unforeseen events that could damage or destroy your stored items.

It is important to do your research and choose a reputable long term storage facility that offers adequate insurance coverage and security measures to protect your stored belongings.

Doree Bonner offers storage insurance as part of our storage services. We offer a range of insurance cover options to suit your needs and protect against any unexpected eventualities. Please contact us for details or ask your Move Coordinator.