Do Moving Companies Provide Insurance for Stored Belongings?

When a moving company that uses portable storage units is hired, the insurance that they provide should be reviewed carefully. While some companies might provide insurance, not all companies do and those that do might only offer minimal coverage. Moreover, contracts with these companies may remove liability from the company if belongings are damaged in certain situations.

If a moving company doesn’t provide sufficient protection for belongings that are stored in a portable storage unit, a storage unit policy can fill in this coverage gap. Since the type and amount of coverage can often be selected by the policyholder when getting this type of policy, it’s much easier to tailor coverage to a particular situation and person’s needs.

Do Homeowners and Renters Insurance Cover Belongings in Storage Units?

Whether belongings that are kept in a storage unite are covered by homeowners or renters insurance depends on the terms of a particular homeowners or renters policy. 

Some of these policies may offer coverage for belongings almost anywhere those belongings are, but others have more restrictive personal property protections. For example, some homeowners and renters policies may only cover belongings when they’re on an insured premises. Or, these policies might provide only a limited amount of coverage if belongings aren’t on an insured premises.

Again, a storage unit policy can likely be used to fill in any gaps for stored belongings that homeowners or renters insurance leaves. An insurance agent can help look through these policies and any coverage provided by a storage company to identify potential gaps.