Whether you’re transitioning homes, downsizing your belongings, or storing collectibles and valuables, securing your goods in a self-storage unit can provide convenient and cost-effective storage. However, it’s important to understand your insurance needs and protections for items kept off-site. Here is a breakdown of key insurance considerations for goods stored in storage lockers in California.
Rental Unit Insurance Coverage
Most storage facility operators carry general liability insurance but do not insure the contents of individual lockers or units. Their policies only cover the building structure and may not protect your possessions from theft, fire, water damage and other perils. Be sure to ask about any insurance included in your rental agreement.
Personal Property Insurance
Renters, homeowners and condo insurance policies do not typically extend coverage to items stored outside your primary residence. You will likely need separate personal property or contents insurance for possessions kept in a storage unit. Look for policies that cover the replacement value of your goods.
High-Value Items Require Additional Coverage
Antiques, collectibles, artwork and other valuable property may exceed standard policy limits in storage lockers in California. Schedule these as individual items under an inland marine or scheduled personal property floater for maximum protection. Certain high-end collectibles like fine art, coins and jewelry may warrant a specialty fine arts policy.
File a Police Report for Any Losses
If theft or damage occurs, timely reporting and documentation are crucial for an insurance claim. File a police report to create an official record and support an investigation. Photograph or record valuable individual items beforehand in case of future disputes.
To learn about McMurray Stern’s automated storage and material handling solutions, visit them online at Mcmurraystern.com.
