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Storage Units: Are you covered?

Twice this week I had Storage Unit related questions.  and then I came across this article from Trusted Choice.

What it boils down to is this:

Your homeowner’s policy offers you worldwide coverage for your personal contents.  HOWEVER, items stored at a separate location are covered up to 10% of your total contents coverage.

If you have $250,000 contents coverage on your homeowner’s policy, you would only have UP TO $25,000 coverage for your items in storage.

It’s essential to have a solid inventory of all your personal belongings and their value to make sure that you’re covered in the event of a catastrophe.  And if more than 10% of your contents is in storage, maybe it’s time to re-evaluate how much contents coverage you need, or whether everything needs to be in storage in the first place.

The Article from Trusted Choice can be found HERE.

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One comment on “Storage Units: Are you covered?

  1. […] Storage Units: Are you covered? (myinstraining.wordpress.com) Share this:FacebookTwitterPrintEmailLike this:LikeBe the first to like this. […]

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