You protect the items in your home with homeowners or renters insurance, but what about your belongings in storage? Tenant insurance provides the security you need when keeping recreational vehicles, important documents, family heirlooms, or anything else in a self-storage unit. Learn why tenant insurance is essential if you decide to store some of your belongings.

What Is Tenant Insurance?

Tenant insurance covers items in storage in case of theft or assorted damages, such as fire or water damage. Some policies cover any damage your belongings sustain during transit up to a 50-mile radius of the facility.

The right amount of coverage depends on the worth of the items in storage, so you may want to schedule appraisals for valuables.

Depending on the facility you work with, the type of lock you use to secure your unit, and what your homeowner’s or renter’s insurance covers, you may be able to score a low deductible or even no deductible.

Why Do I Need It?

If you purchase tenant insurance, your items in storage get replaced in the event of weather-related damage. It’s a smart backup plan if you live in a region prone to extreme weather, such as thunderstorms, tornados, and hurricanes.

Tenant insurance also replaces items stolen from your unit. Most facilities use video surveillance, gates, and other security measures, but it’s best to prepare for the possibility of theft. Additionally, some facilities require tenant insurance for unit use.

Keep in mind that while tenant insurance protects your belongings, including those of high monetary value, it usually doesn’t cover items like jewelry and furs. If you plan to keep such items in your unit, you’ll need a separate policy.

Regardless, the peace of mind that tenant insurance provides often proves invaluable. 

Advantage Storage provides tenant insurance in addition to secure, climate-controlled units. Comprised of 31 facilities throughout the American Southwest, this Flower Mound, TX-based center offers a comprehensive range of unit sizes, including those large enough to fit cars and boats. Call (972) 212-5225 today with any questions, or learn more about their tenant insurance online.