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Write An Essay On How To Protect Your Belongings In Storage

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If you are thinking about storing your belongings in storage, you not only need to think about how to pack everything in order to protect it while it is in storage, you also need to think about how to protect your items through your insurance should anything happen to them. Here the two most common and best ways to protect your belongings with insurance while they are in storage. Examine Your Homeowners Or Renters Insurance Policy Before you start looking into a new insurance policy, look closely at the insurance polices you already have. If you already have a homeowners or renters insurance policy, your belongings in your storage unit may already be covered. What you need to look for when examining your policy is the term "off-premise coverage." Many homeowner and renters insurance policies provide this type of coverage; it just isn't something you notice until you need it. …show more content…

However, off-premise coverage does have some limitations. Generally, off-premise coverage is only 10% of your coverage limit. For example, if your coverage limit was $100,000 for your homeowners or renters insurance policy, your insurance would only cover $10,000 worth of your belongings through your off-premise coverage. In order to make sure that all your belongings are covered, you need to sit down and tabulate the value of the belongings you have in storage verses the overall value of the belongings in your home. If your belongings in storage exceed 10% of the value of your total belongings, you'll want to call up your insurance agent. Your insurance agent will most likely advise you to either: raise your coverage limit, so that 10% of your overall limit accurately covers your belongings in storage

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