Valuation Coverage for Storage
Many people are often of the belief that storage facilities will automatically offer valuation coverage to cover the items that are being put into storage. Consumers typically refer to this as insurance, however insurance and valuation coverage are not the same. The reality is that this is not always the case and there are very few storage facilities that provide comprehensive or full item coverage as a part of their standard rental fees. You may find basic coverage offered by some storage facilities as a part of the package based upon the size of the rented facility, though this may prove to be insufficient for your requirements.
There are some storage facilities that may tell you that coverage is not necessary; however, it is not a good idea to go without. You may have chosen a storage facility that has very good security measures in place but this does not mean that you should allow yourself to be lulled into a false sense of security.
While they are in storage, your possessions are out of your hands and the reality is that even the best managed storage facility will be unable to do anything to prevent damage that can be caused by natural disasters such as fires, floods and storms.
Check your coverage options very carefully before you sign an agreement for a storage facility and put your possessions into storage. Your first step should be to make contact with your insurance company to make sure that your current policy will cover the items you have placed into storage.
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