Does renters’ insurance cover items stored elsewhere?

Most home policies, renters’ insurance included, cover items kept off-site in a storage unit. Anthony Lancaster Insurance Inc. in Memphis, TN can help you understand the basics and make sure your policy fits your needs.

Does renters’ insurance cover items stored elsewhere?

You probably know that your renters’ insurance policy covers your personal items in your Memphis TN home. Your furniture, audio/visual equipment, computer, appliances, etc. all receive coverage under your renters’ policy.

Most renters’ policies also cover items stored off-site at a formal business that offers storage lockers, garages, or units. These areas separate your items from others using walls and a locked door. Only you have access to these items via a key or security code. If those items incur damage due to a named peril or someone steals them, your insurance policy covers the theft.

Not all renters’ policies automatically cover this. That’s why you need to check your policy’s documents to see what it covers. Some policies don’t include this unless you specifically ask for it, while others require an inventory list, sometimes including photos of the items. Other policies automatically include it. Asking your insurance agent remains the best way to know what your policy includes.

That means that the Christmas decorations and high school memorabilia that you store at a storage unit can receive coverage and so can your mountain bikes stored in a storage unit owned by the apartment building from which you rent.

Get Renters Coverage Today

Contact Anthony Lancaster Insurance Inc., serving the greater Memphis, TN community, for more information on renters’ insurance or to review your policy to find out if you need to add this helpful rider to your policy.