In recent years, there has been a noticeable increase in the number of Canadians turning to storage facilities to manage their belongings. This trend can be attributed to several factors, including urbanization and shrinking living spaces, which leave many people with insufficient room to store their possessions at home. Many people who choose to store belongings are children of deceased parents who aren't ready to part with or don't know what to do with their parents' possessions. With more people storing their possessions, it’s essential to understand your insurance options, whether for short or long-term storage.
- Storage Facility: When using a recognized storage facility, you might need extra insurance to ensure your items are covered.
- On Your Property: If your storage is on your property, like in a shed or barn, your home's insurance generally covers it. Remember, your coverage is a percentage of your home's insured value. If you’re storing high-value items, you may want to consider other options.
- Unconventional Locations: Storing items somewhere unaccredited, like behind a friend’s barn? This can be high-risk, and insurance coverage might not apply.
Contact us to find out if you need additional insurance based on location or item value. Let's ensure your belongings are protected:
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