Can I use Homeowners Insurance to cover contents in storage

Homeowners insurance is a policy that many people invest in to protect their property and belongings from unforeseen circumstances. However, when it comes to storing your possessions in a storage unit, homeowners insurance may not be the best option to insure your contents. In this article, we will discuss why homeowners insurance is not a good idea for insuring contents in storage.

Firstly, it is important to understand that homeowners insurance only covers the first 30 days of storage and only covers offsite rentals. This means that if you are storing your belongings for longer than 30 days or if you are storing them at a location other than the rental property, you will not be covered under your homeowners insurance policy. This can leave you vulnerable to loss or damage of your belongings, without any insurance coverage to fall back on.

Secondly, the deductibles for homeowners insurance can be significant if a claim is made. Often, the deductible for a homeowners insurance policy is more than the value of the contents stored in the storage unit. This means that in the event of a claim, you may end up paying a significant amount out of pocket to cover the deductible, which defeats the purpose of having insurance in the first place. In contrast, storage unit insurance policies with Discount Storage Insurance feature a small deductible as little as $100 for self storage and $250 for mobile containers, which can save you a considerable amount of money in the long run.

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Thirdly, if you do have a claim on your homeowners insurance policy, you can expect your premiums to increase by an average of 17% for up to 7 years. This can be a substantial financial burden that can affect your budget for years to come. In contrast, if you have a storage unit insurance policy, your homeowners policy will not be affected by any claims you make, which can give you peace of mind knowing that your insurance rates will not increase as a result of a claim.

In conclusion, while homeowners insurance may be suitable for protecting your property and belongings in your home, it is not a good idea for insuring contents in storage. Storage unit insurance policies offer better coverage for your stored belongings, with lower deductibles and no impact on your homeowners insurance premiums. When considering storage unit insurance, it is important to