Self-storage insurance might seem like an extra cost tacked on to the end of your monthly self-storage bill – but there’s a bit more to it than that.

What is self-storage insurance?

Self-storage insurance is a form of specialist cover for domestic goods stored outside your home. It protects you from loss or damage to your possessions when they are in a self-storage facility. This includes damage by fire or water; and it also provides coverage in case of theft.

Is self-storage insurance mandatory when I rent a storage unit?

Reputable and good quality self-storage companies will require you to have self-storage insurance. Having self-storage insurance will ensure that, should the worst happen, you can make an easy and painless claim if there is an unfortunate event in which your effects are lost, damaged or destroyed. As the Self-Storage Association says, ‘ If they are worth storing, they are worth insuring.’

Most self-storage companies will ask about your self-storage insurance policy, and will want to see proof that you’ve got insurance for your stored goods.

Some storage companies offer their own self-storage insurance – but it is not always competitively price. A dedicated self-storage insurer, like Store and Insure, can often give you a better deal on your self-storage policy. Storage companies may insist that you take their insurance offering – but you don’t have to.

Doesn’t my contents insurance cover domestic goods while in storage?

Standard home insurance might not cover goods stored away from your home. You should check what your home contents insurance policy does and does not cover when deciding about self-storage insurance.

Self-storage insurance often covers risks that are not covered by domestic contents insurance – for example, pests and environmental damage.

What information do I need when I am buying self-storage insurance?

Our quoting process is designed to be easy and hassle-free. There’s no obligation, and you could save some money by swapping – so give it a try right now.

When you get a quote for self-storage insurance, you’ll need the following information:

• the replacement value of the goods you want to store
• the cover start date

You may know how long you’re storing your goods for (this is known as fixed term); or you may prefer to get insurance on a rolling basis with a monthly renewal.

Our policy is on a new-for-old basis – so when you come to value your goods, use the cost of replacing each item as a guide.

You may also need the address of your chosen storage company – but don’t worry if you’re still in the planning stages, or still shopping around for storage.

Should I under-insure to save money on my monthly self-storage insurance bill?

We would recommend you don’t under-insure – you’ll lose out if you ever need a pay-out. When you value your goods, bear in mind the replacement cost, as your insurance policy is on a new-for-old basis.

What are the main benefits of using Store and Insure for self-storage insurance?

Store and Insure’s policies offer great value: we can insure your stored goods from less than £2 a week. Store and Insure’s self-storage insurance provides coverage while your goods are in transit between your home and your storage unit. Our quoting process is instant and hassle free. And we’re paperless, too, with downloadable policy documents that you can save to your phone or filing system. We are authorised by the FCA, for maximum peace of mind.

Here is some more information about the advantages of choosing Store and Insure.