Additional Coverage: Contents Insurance Options
If you would like to extend protection to the contents stored inside your bin, you can purchase an additional contents insurance policy at the time of your bin rental. There are several contents insurance options available, with coverage ranging from $2,000-$20,000.
How is this different from coverage under homeowners insurance?
Many people wonder why they would choose a dedicated supplemental policy for contents on top of their existing homeowners policy. For starters, every home insurance policy is different – some offer contents coverage, and some don’t. The best way to understand any contents inclusions or exclusions in your existing policy is to contact your homeowners insurance provider.
Additionally, the deductible on many homeowners policies can be higher than the total cost of stored valuables. So, if items are damaged in storage, you’d still be out the full cost to repair or replace them, which is essentially the same as having no coverage at all. Supplemental contents policies, on the other hand, have a much lower deductible to meet before coverage kicks in.
Regardless of what your homeowners policy covers, opting for supplemental contents coverage with your bin rental is a simple way to ensure your stored belongings are covered the entire time they are in your mobile storage bin–even if they’re in transit
Storage Protectors explains it this way: “You get a more affordable, more comprehensive layer of coverage with no risk of premium increase should a claim occur.” Other benefits include:
- Minimal deductible vs. your homeowners’ insurance deductible
- No risk of a premium increase with claims
- No need to buy extra coverage or add a rider to your homeowners’ policy
- Broader coverage for your belongings while in storage
- Coverage for your items while in transit from the facility or your home
- A customized policy built specifically for storage needs
For a full description of coverage and what to do if you have a loss, please see the Enrollment Disclosure Summary from Storage Protectors.
COOL-BINZ is here to provide premium protection and peace of mind for all of your portable storage needs. If you have any questions about our solutions or our bin rental process, contact your local COOL-BINZ team. We’re always happy to help!