Store It Smart At StorageMart
Here is a big difference between storing with StorageMart and storing with someone else. StorageMart offers a Premium Lease to give you some coverage in the event of a loss and you pay No Deductible in the event of a claim. This is our way of putting our money where our mouth is to compensate losses of covered items when you sign up for the Premium Lease.
All storage places will have you sign a waiver stating that they are not responsible for your belongings while you store with them. However, very few other places have a way for you to get coverage directly from them.
Where Would You Rather Store?
At StorageMart, we will do everything in our power to keep our places clean and dry. But what if something happened? Let’s say a big storm blew in, the roof leaked and your things got wet and ruined. At the other guy’s place you would probably collect nothing and have a total loss. At StorageMart, if you signed up for the Premium Lease and the same storm blew in and your things got wet and ruined, you’d get a check for covered items up to the plan limit, with zero deductible.
What it Is and What it Isn’t…
- Your StorageMart lease requires that you provide coverage against loss for your belongings. This is one of the best ways to satisfy that lease requirement.
- The Premium Lease is not a self storage insurance policy; it’s a way for StorageMart to accept a certain amount of liability under certain circumstances.
- StorageMart’s Premium Lease has no deductible. If you already have a renter’s insurance or homeowner’s insurance policy, it may not cover storage outside the home, or it may have high deductibles.
- The Premium Lease can be used in addition to your homeowner’s, business or renter’s policy.
- Coverage up to $2,500 against fire, smoke damage and theft.
- Coverage up to $1,200 against some water damage.
- Not available in British Columbia
What is Covered?
Fire, smoke damage and forced-entry theft are covered up to $2,500. Limited instances of water damage, like roof leaks and overhead water pipe leaks are covered up to $1,200.
What is Not Covered?
Not every loss is covered and not every item you might place in storage is covered. Here is a short list of these exclusions, see the lease addendum for complete details.
Losses that are not covered:
- Dry rot, mildew and mold
- Rodent, pest or insect damage
- Domestic theft (those you share a key with or a family member who removes items without consent)
- Water damage from floods, rising water and storm surges
- Items that cannot be covered
- Cash and cash equivalents
- Jewelry and precious gems
Answers to Common Misgivings
“I don’t need it…”
If something were to happen to your belongings you will thank us that you have the plan. Things hardly ever happen, but we require our customers to have coverage, because we don’t want them to be left out in the cold in some crazy situation. It is only $9.97 a month and gives you up to $2,500 in coverage.
“It is too expensive…”
It is only 33 cents a day to give you a good level of protection. That is not very much money to make sure you get some compensation if something unfortunate happened; after all, items in storage often carry irreplaceable sentimental value. Some 80% of our customers opt in to the Premium Lease to avoid high deductibles from other insurance plans.
“It isn’t worth insuring… “
You might feel that way now, but you might not feel that way if your belongings were destroyed somehow. If something were to happen to your belongings you will thank us that you have the plan. Things hardly ever happen, but as one of the largest self storage providers, we know crazy things happen on occasion. We don’t want you to lose anything.
“I already have coverage…”
Some policies have time limits and may only cover you for 30 or 60 days of storage. Some have high deductibles and our coverage could bridge that gap. If something were to happen to your belongings you will thank us that you have the protection plan.
“The other storage places don’t require it…”
They are doing their customers a disservice. If something bad happened to your things there, you would collect zero. If something were to happen to your belongings here you will thank us that you have the plan. If it’s worth storing, it’s worth protecting and we take that seriously.
How Do I File a Claim?
If you have experienced loss or damage, see your local storage manager immediately. Do not remove any items from your storage unit. The store manager will give you a claim form to fill out. He or she will take pictures and fill out his or her own report paperwork. If forced-entry theft is involved, we will need a police report. The reports will then be forwarded up the ladder to the corporate office for approval. If you are asking that destroyed items be replaced, those destroyed items will need to be disposed of or signed over to us as abandoned.
Looking For More Coverage?
If you need higher coverage limits, ask your homeowner’s, renter’s or business insurance provider or, for self storage insurance, go to: www.insureyourstuff.com.