Did you know that your stored belongings might not be fully covered by your homeowner’s or renter’s insurance policy? If you’re storing furniture, seasonal items, business inventory, or personal belongings in a storage unit, it’s essential to ensure they’re protected. That’s where self storage insurance comes in.
Self-storage insurance (also called tenant storage insurance) is coverage that protects your belongings stored inside a rental storage unit. While most people assume their homeowner’s or renter’s insurance covers items off-site, that’s not always true—or the coverage may be limited.
Many storage facilities, including Elite Self Storage, require or recommend that customers purchase insurance because their facility insurance does not cover customers' belongings.
Just as your home can be affected by fire, theft, or severe weather, a storage facility can also be impacted. Without insurance, you would be responsible for replacing your items if the unexpected were to happen.
Homeowners’ and renters’ policies sometimes offer limited off-premises coverage—often capped at 30 days, with exclusions for theft or natural disasters. Separate self storage insurance ensures year-round protection at an affordable price.
Buying tenant insurance usually protects against:
Fire and smoke damage
Theft or burglary
Tornado and wind damage
Water damage from surface water or sewage backup
At Elite Self Storage, insurance is available through Cowan Insurance, a provider specializing in storage coverage. Premiums start at just $18 per month for $10,000 worth of coverage, conveniently added to your monthly rental payment.
Some belongings have limited or no coverage under storage insurance policies. These may include:
Motorized vehicles (cars, RVs, motorcycles, ATVs, boats – must be insured separately)
Jewelry, watches, and furs
Artwork and antiques
Precious stones or metals
Legal documents and deeds
Cash or financial instruments
Additionally, damages caused by vermin, mold, mildew, condensation, or the mysterious disappearance of property are typically not covered.
Unlike full homeowner’s insurance, which covers the entire property, tenant insurance focuses only on your stored contents—making it much more affordable. For most renters, the cost of storage insurance is far less than the cost of replacing valuable belongings.
At Elite Self Storage, you can enjoy:
Easy monthly payments bundled with your storage rental
Affordable coverage starting at $18/month
Peace of mind knowing your belongings are protected
We take pride in providing secure storage solutions, including:
Video Surveillance
Electronic gate access
Professional pest control
A wide range of storage unit sizes, including climate-controlled, drive-up, and RV storage
Even with these precautions, having tenant insurance ensures that your belongings are protected from risks beyond anyone’s control.
1. Is storage insurance required?
Yes, most storage facilities require proof of coverage. If you already have coverage, simply provide your insurance certificate within 30 days of move-in.
2. Does my homeowner’s policy cover storage units?
Sometimes, but coverage is often limited. Always check with your provider to confirm.
3. How much does tenant insurance cost?
At Elite Self Storage, premiums start at $18/month for $10,000 worth of coverage.
4. Can I insure high-value items like jewelry or antiques?
Standard storage insurance may exclude these. You’ll need specialized coverage for high-value or rare items.
At Elite Self Storage, we’re proud to serve both the St. Albert and Edmonton communities with three convenient self storage locations. Our St. Albert facility (formerly Riel Park RV & Self Storage), along with our Edmonton locations, offers a wide range of storage solutions including indoor climate-controlled units, drive-up unheated storage, and secure RV storage. No matter which location you choose, you’ll enjoy the same trusted security features, friendly customer service, and affordable tenant insurance options—making it easy to store your belongings with confidence.
The cost to insure your belongings is minimal compared to the cost of replacing them. At Elite Self Storage, we make it simple and affordable to get the protection you need.
📞 Call us today at 780-347-0433 to secure your storage unit and add tenant insurance for peace of mind.
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