Choosing Insurance Doesn't Have To Be Stressful

2 Tips For Making Sure Your Insurance Protects High Value Items Placed In Storage

If you move to a new city and you need a place to keep your items until you get situated, then a storage unit may be a good solution. While a storage unit can be a safe place to keep your items, it may not be able to fully protect your items from damage from external elements. The storage facility usually provides insurance that covers a certain amount. Items that are extremely expensive will usually surpass the amount that is covered. If the item sustains damage that exceeds the amount insured, then you will have to find another way to pay for the repair. High valued items like art and fine jewelry will be difficult to replace with just a standard insurance policy. Luckily, there are a few tips that you can use to make sure that your insurance covers any high value items that you decide to place in storage.

Make Sure You have Off-Premise Insurance Coverage

Your homeowner's policy will usually insure you for items that are kept outside of your home. This kind of insurance is considered to be off-premises insurance. If your items are damaged or stolen while outside of your home, you can file a claim for the amount specified on your insurance. However, this policy may not cover your high value items from all damages. For example, your off-premises insurance policy may not cover things like flood damage or mold. As a result, check to see what incidents your policy will cover before using it. If it does not cover all incidents, then you may consider placing smaller high value items in a safety deposit box.

Purchase a Personal Articles Floater

A personal articles floater is designed to protect any high value items. A standard homeowner's insurance policy will protect these items, but they will often only offer low coverage. Therefore, a personal articles floater offers an increased coverage for things like art, furniture, and jewelry. The floater will also extend beyond theft and damage sustained in your home. If your valuable items are damaged while in storage, then you will be able to use your floater coverage in order to recover the amount of your loss.

Protecting high value items in storage can be difficult to do. There are a number of things that can result in damages to these items. Therefore, use these tips to ensure that you are able to protect your high valued items while they are in storage. 

To insure your items, contact an insurance company such as Farmers Insurance Group.