When you rent a self storage unit you will be asked if your items are insured. You are required to insure your items while in storage.
First, let’s go over what Self Storage insurance is and why it’s necessary.
Directly from the Code of Virginia:
Self storage insurance means insurance providing coverage against loss of or damage to items of personal property stored in a self storage unit in accordance with the terms of the self storage unit rental agreement. Self storage insurance may cover the items of personal property against any one or more of the following causes of loss: fire, hurricane, tornado, wind, earthquake, vandalism, lightning, smoke, hail, building collapse, explosion, leaking water, and burglary. "Self storage insurance" does not include homeowners, renter's, private passenger automobile, commercial multi-peril, or similar policy.
Self Storage insurance covers the tenant and their items while in the storage unit. Your Homeowner’s Insurance or Renter’s Insurance may cover your items while in storage. You can contact your Insurance company to confirm and if you are covered, provide a Declaration page to the Manager. If you are not covered, you will need to purchase it through our insurance company.
What does the insurance cover?
Here are a few examples of what it covers:
- Fire/Lightning - Loss or damage caused by fire or smoke.
- Water Damage - Loss or damage caused by water leaks. (coming down like from a roof leak or sprinkler system failure) – flood not covered
- Windstorm or hail
- Weight of ice, snow or sleet, collapse of building
- Vandalism, theft, malicious mischief
**Refer directly to your Certificate of Insurance for additional coverages, exclusions and details.
You can contact the insurance company directly to answer more questions or the Self Storage Manager will provide a brochure and an Insurance Certificate for you to Review.