Does Homeowners Insurance Cover Storage Units?

You need to know the answer to the question, “Does homeowners insurance cover storage units?”

You may have stuff you don’t necessarily need access to every single day, but you don’t necessarily want to get rid of it, either. A storage facility is a great solution that makes it possible to hold onto those things without cluttering up your home. Before you move your stuff to your storage unit, you need to think about your coverage, though. Does homeowners insurance in Frisco, TX cover storage units? Let’s take a look.

You already know that your homeowners insurance policy contains personal property coverage, which protects the belongings you store in your house. Generally, it’s possible to get that coverage to extend to those items when they’re out of your house, too.

Don’t just assume you’re protected! Talk to your agent, because a lot of policies have lower coverage limits for off-premises stuff than they do for things in your home. That means that some of the belongings you’re planning to store may not be automatically covered by your policy.

Connect with your agent to find a solution. You’ll have options, like increasing your coverage limits or getting insurance specifically for your storage unit. Another thing you can do is schedule in high-value items, individually insuring them for their full value so they don’t eat up a big part of your off-premises coverage limits. Your agent will be able to help you pick the right option for your situation.

If you have any other questions about whether or not homeowners insurance covers storage units, contact Mike Leonard Insurance Agency in North Texas. We can help you decide if you have enough coverage and check with our carriers Kemper, MetLife, Travelers, The Hartford, Safeco Insurance, Progressive, and American Strategic Insurance to make sure you have the best policy for the best price.