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.