Will Insurance Cover My Personal Belongings in Storage?
Posted on Tue, Mar 22, 2011
In general, your homeowners’ or renters insurance policy will cover your belongings no matter where in the world they are. Of course, your deductible and any exclusions that apply to the homeowner's or renters policy also apply to the items you are storing.
These exclusions would include damage resulting from natural disasters such as flooding and earthquakes. They also exclude losses resulting from insects and rodents.
If you do not have an existing insurance policy that will cover your belongings while in storage, you will have to decide whether or not the cost of the rental unit insurance is worthwhile. The only way to do this is to determine how valuable the items you will be storing are, how upset you will be if you lose them, and then choosing whether or not the cost of the policy make sense in light of the value of your belongings.
Check with your insurance agent to determine if your items in storage would be adequately protected.