Do I Need Storage Insurance

Written by Admin on 2018-09-18

If you are looking to put your belongings into storage, whether for a short period of time or long-term, it’s likely you will have come across many different companies offering storage insurance for your items while they’re stored out of sight.

You may be wondering why you would need insurance, and if it’s really necessary - in this article, we’re going to answer all your questions on why you should consider storage insurance for your belongings.

Why Insure Your Belongings in Storage?

There’s a reason you’ve chosen to hang on to the possessions you are looking to store, rather than simply throw them away - so imagine the heartbreak of discovering your items have been damaged, lost, or stolen while in storage.

If you have gone through the effort of finding a storage facility and transporting your belongings there, it’s essential that you take out the proper precautions to ensure your items are protected while they’re in the storage unit, too.

As an aside, many storage providers do state that having storage insurance is mandatory when using their facilities, so this is definitely worth bearing in mind when shopping around.

Home Insurance

You may not need storage insurance if your home insurance already covers it - however, you should not assume that this is the case as many policies will not cover your belongings when in storage.

Check the details of your home insurance policy first, and if it does not include items in storage then you will need to take out a dedicated storage insurance policy to cover your belongings should anything happen to them.

In-House Insurance vs Third-Party

Many storage providers offer storage insurance for an additional fee. While it may be tempting to go with this offer for convenience, you may not be getting the best price by going in-house. We recommend doing your research with a few different storage insurance providers to make sure you get the best deal for your needs.


Most storage insurance policies are based on an average cost estimate - for example, £1 for £1,000 worth of items. Your storage insurance policy cost will therefore be entirely based on the combined worth of the belongings you choose to store, with more valuable items resulting in a more expensive insurance cost.

Overall, storage insurance will provide you with the peace of mind that you’re covered should anything happen to your belongings while they’re stored away. Shop around for a quality insurance policy at a reasonable cost, and you’ve got nothing to lose.

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If you are looking to put your belongings into storage, whether for a short period of time or long-term, it's likely you will have come...
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