What is Contents In Storage Insurance?

​Contents in storage insurance is made to protect your stored goods. Whether you've run out of space at home, are moving, renovating, working away, taking a gap year, storing seasonal tools, etc. there are many reasons why you might need a self-storage locker. 

When using a self-storage facility, their insurance policy will not protect your belongings. While they may have safeguards in place like alarm or sprinkler systems, there is no replacement coverage for you. 

If you have a homeowners, tenant, or condo policy you may have some coverage for off-premises contents. However, it's usually around 10% of your total contents coverage. So if you have $100,000 in contents coverage on your home, your off-premises coverage could only be around $10,000. Check your personal policy to be sure of your limits. 

You have options. If you have more than your policy limit covers in the storage facility, you can increase your off-premises property limits. You could also schedule high value items, say if you were storing jewelry in the locker, to give them further protection. Lastly, you could purchase coverage from the storage facility itself. 

Some other circumstances where contents in storage insurance is useful are leaving demo equipment at a client's house, lending equipment out on approval, storing property at an employee's home, or lending or renting equipment. 

Choosing a Storage Facility
You should always try to avoid risky situations. Here are some tips on choosing a storage facility to mitigate risk as much as you're able

• Security features: make sure that there are security measures in place in the facility. Determine what type of locks are used, if there is a camera or alarm system, if the facility keeps a log of visitors, etc. 
• Accessibility: how accessible and convenient is it for you to retrieve your belongings from the facility?
• Location: is the facility in a safe neighborhood or a flood zone?
• Maintenance: is the facility clean and well maintained? 
• Climate control: does the facility have heat and air conditioning?
• Building structure: what is the building made of and is there a gated entrance?
• User reviews: check online reviews to see what other customers think of the facility
• Gate/office hours: are the staffed hours convenient for your purposes?

contact us

(506) 466-3330
78 Milltown Blvd
St. Stephen New Brunswick Canada E3L 1G6
Click Here to Email Us

Most motor vehicles are not covered when in storage. The exceptions to this are things like lawn mowers, vehicles to assist disabled persons, or vehicles stored in dead storage. 

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The Guy R Day Difference

​You may think you want the cheapest insurance you can find, but realize you may not be getting everything you bargained for... Most insurance products are similar in price and function, insurance providers are very different when it comes to creating a policy that actually covers you. 

Contact us to learn more about the right contents coverage for you.