Cheap Self Storage Insurance – Our Top 10 Tips to Help You Keep Contents Safe AND Reduce Your Insurance Premiums
Houses are officially getting smaller. The average size of three-bed new-build home is now 88.9 square metres. That’s around four metres less than the government’s guideline minimum home size.
With the space in our homes at a premium, we’re increasingly turning to self storage to give us the extra capacity we need.
You might be using do-it-yourself storage as a long-term solution to help declutter your home without resorting to getting rid of treasured items. It could be the hub of your business empire, storing stock and equipment.
Or maybe you need a temporary stop-gap for all your belongings during a house move. Whatever reason you rent a unit, if it’s worth putting items into storage, it’s definitely worth taking the time to make sure they are kept safe.
Self storage facilities are designed to be secure, but disasters can happen. Flood, fire and theft can all hit, and insuring the contents of your unit is essential for your peace of mind. And the best way to keep your self storage insurance premiums down is to stay claim free.
Read our top ten tips for keeping your items safer whilst they are stored and on getting the best deal on your insurance cover.
1) Get organised
Carefully organising your unit can help to keep your items safer. Think about where you place items to help minimise potential damage.
2) Protect from dust, damp and mildew
Unless you’re renting a climate controlled unit, damp and mildew could cause substantial damage to your stored items.
3) Don’t store valuables like jewellery or cash in a unit
Your storage unit may be secure, but it’s not designed for jewellery or cash. If you need to store these high-risk items you should pay for a vault or safe deposit box in a bank or specialist unit.
4) Size matters!
The cost of storage is based on size.
Look for a facility that can offer a range of storage unit sizes so you don’t pay for space you don’t need.
Thinking about the way you organise your unit (see Tip 1 ) could help you make more efficient use of your space, and you could be surprised to discover how much area you could save.
Dismantling furniture and storing it ‘flat-packed’ can also help you to reduce the space it takes up. And don’t forget you can also use gaps inside large items of furniture to maximise your storage space, such as placing packed boxes inside a wardrobe.
Whilst it’s a good idea to keep the size of your unit to a minimum to reduce rental costs, don’t be tempted to skimp. Make sure you allow enough space to leave a gangway that lets you move around freely and make sure that you don’t stack too many items on top of one another as that can result in damage to goods.
5) Antiques and heirlooms
All furniture needs to be handled with care, but antiques or family heirlooms need specialist attention. Cover antique furniture with protective wrap, which is designed to help safeguard these precious pieces from scratches.
If you’re packing up china, make sure you use a sturdy box. Wrap each piece individually with packing paper, storing things like plates vertically so the weight of pieces on top does not result in the items at the bottom becoming cracked or damaged.
6) Consider the security of your unit
Look at what security your storage depot provides. Storage facilities that are members of the Self Storage Association UK should have CCTV on all entry points as a minimum level of protection against theft. If the location you are considering doesn’t offer this basic level of protection you might want to look for alternatives. Some units may also offer additional security such as number plate recognition and individually alarmed units.
There are also things you can do for yourself to increase security, such as investing in an additional padlock. As well as an extra line of defence against potential thieves, this guarantees that you’ll have sole access to contents.
7) Know what’s in there
Knowing exactly what’s in your storage unit makes it much easier to find items and can be invaluable if you do need to make an insurance claim.
8) Check if your home contents insurance policy covers contents in storage
There’s no point shelling out for separate protection if your home contents insurance already covers you for items in storage facilities. But don’t just assume that it does or you could be in for a nasty shock if you do need to make a claim.
Many policies don’t include items in storage and others may specify a limited amount for items whilst they are away from the insured home. Speak to your insurance broker to find out what is covered and ideally make sure it is confirmed in writing. It’s not worth taking chances.
9) Don’t just take out the insurance offered by the self storage facility
The place where you are storing your goods may offer you an insurance package, but make sure you check it out thoroughly first. Is there a limit to value covered? Are there any exceptions to what can be claimed? Will it cover items for a stated replacement value?
The standard insurance offered by some facilities might not be enough to cover your needs, leaving you out of pocket if you have to make a claim. You should also consider the cost of the insurance being offered, as it might not be the best value for money.
10) Shop around for cheap self storage insurance or use an experienced broker to do the leg work for you
Like all insurance, the costs for self storage insurance can vary greatly between providers. To get the best value deal it’s important to contact as many insurance companies as possible, or get a specialist independent broker, like Park Insurance, to do the ringing around for you.
Cover you can be confident inAt Park Insurance, we provide comprehensive self storage insurance, which will cover you against most eventualities. This includes cover for:
Whether you’re using self storage for personal or business use, in the long-term or short-term, insurance gives you added peace of mind that your belongings are protected.