Whether you’re moving, downsizing or just temporarily storing some stuff, at some point, you’ll likely have a storage unit. There’s a reason that you’ve put these items in storage instead of getting rid of them – so make sure that they’re protected.
The storage facility is required to keep the storage premises secure. But, it’s not responsible for the contents of your unit. It’s on you to make sure that all of your belongings are covered. Not to worry, we’ve broken down how your home insurance covers items in storage.
Are the things in my storage unit covered by my home policy?
Most standard home, condo or tenant policies automatically cover you for items you have in storage – including portable storage containers. These items are considered “off-premises” and are covered in the same way that the belongings in your home are covered. This means any limits of conditions of your policy also applies to the items you have in storage.
However, you’re usually only covered for personal belongings kept at a storage facility for up to 90 days (or the expiry of your policy – whichever is first). So, if you plan to keep things in storage for longer than 90 days, then it’s best to purchase alternate coverage. This doesn’t apply if you have a storage locker in your condo or apartment building.
What are my belongings covered for?
Items in storage are most often covered for damage caused by:
- Fire or smoke
- Windstorm damage
- Water damage
You’re not likely to be covered for things like flood, earthquake, landslides, hail damage or sewer back-up.