Renters Insurance
I’d like to borrow your ear for a few minutes to talk about something I believe to be important and much overlooked by most self storage tenants…storage insurance.
Most renters assume that they are covered in some way for loss or damage to the items they store outside of their homes. They believe that either their homeowners insurance or the renters insurance for their apartment would cover them in (the rare) case of loss. The reality is that most homeowners and renters insurance contracts have clauses since 9/11 which exclude self storage as a covered item.
In Massachusetts, once a tenant signs a lease for storage and puts a lock on their unit, the storage operator has no liability on anything that might happen to that unit. That is why it is so important for a renter to take out insurance on their self storage unit.. The cost can be as little as $8 a month for $2000 worth of coverage.
Loss, of any kind , is extremely rare at Medford Self Storage, but still, storage insurance is just that, insurance for the unforeseen and unexpected. To me it’s a small price to pay monthly for peace of mind.
Jay Comenitz
Manager
Tags: homeowners insurance, insurance, liability, Medford Self Storage, renters insurance, self storage, storage insurance
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