Keeping your valuable belongings in a storage unit can seem a bit daunting. What if they get stolen? Or if there is a fire that entirely destroys your storage unit? While a storage unit does take precautionary measures to safeguard your items, such incidents can still occur. Fortunately, homeowners insurance can cover the costs of damages to your personal belongings in such cases, and you can rest assured that your valuables are safe in Palmetto Bay storage. The coverage amount and specifications can vary according to the policy you have taken and the items in question.
Let us learn more about how homeowners insurance covers items in public storage in Kendall.
How Much Does Homeowners Insurance Cover Items in Storage Units?
Most standard insurance providers include a provision that also includes any personal property kept away from your premises. Meaning, that items not at your home will also be covered to a certain percentage by your homeowners insurance. However, most such off-premises articles are only covered up to ten percent by homeowners insurance. So if you are storing more valuable items in your public storage in Aventura, you might want to look at other insurance options as well.
When Does Homeowners Insurance Cover Items in Storage Units?
Your valuables are covered under personal property coverage in cases of theft, fire, and other specific situations specified in your insurance policy. The amount of your coverage depends on the limit of your policy and the item’s value. You can increase the coverage value for your belongings through scheduled personal property coverage. Here is a list of cases and items covered under most policies at storage companies in Miami-
- Items covered: Furniture, appliances, electronics, and other everyday items are covered under the homeowners insurance. High-value items like firearms and jewelry have limited coverage.
- Approved causes of damage: The homeowners insurance will cover the value of your articles if your items are damaged or lost due to perils like vandalism, lightning, tornadoes, hurricanes, explosions, falling objects, the weight of snow or ice, water damage, fire, hail, theft, and smoke damage. It is best to review your policy for further details and other coverage-related information.
When Does Homeowners Insurance Not Cover Items in Storage Units?
The homeowners insurance policy provides a list of specific items it covers in case of accidents. It also provides a list of instances under which the said items will be covered. For instance, if you are responsible for the loss of the article, the homeowners insurance will not cover it. Here are the cases when your homeowners insurance policy will not cover damages or loss of your personal property stored in a storage in Kendall-
- Mold and mildew
- Vermin, Rodents, and pest infestation
- Poor maintenance
- Damage arising of your mistake(s)
About Xtra Storage Companies
Store your precious antiques and valuables safely in climate-controlled self-storage units at Xtra Storage Companies. Our self-storage units are safe, affordable, and climate-controlled to maintain your articles in the best possible condition. We also have self-storage units of all sizes to meet your requirements. You can reach out to us by filling out our online contact form.