Insurance
Insurance to protect your stored items
Ensuring the safety and security of your belongings during storage is paramount. While storage facilities like Boxly provide robust security measures, unforeseen events can still occur. Therefore, obtaining appropriate insurance coverage for your stored items is essential. This comprehensive guide will delve into the importance of storage insurance, what it typically covers, how to obtain it, and considerations specific to Switzerland.
The Importance of Insuring Your Stored Items
Storing personal or business belongings in a self-storage facility offers convenience and flexibility. However, it’s crucial to understand that while facilities implement security protocols, they may not be liable for damage or loss of your items. Insurance serves as a financial safety net, protecting you from potential losses due to various risks.
Why insurance is not included in the price
Our rental prices do not include insurance, as the amount of insurance depends on the value of the stored items and because many tenants have their own household contents insurance, which also covers the stored items. This means you are not insured twice.
Existing household contents insurance
If you have taken out household contents insurance, the items you store in Boxly Self-Storage are probably also insured. In any case, contact the insurance company and clarify this so that there are no surprises.
No household contents insurance
Are you moving to Switzerland or have you given notice on your apartment because you are abroad for a longer period of time? Then you probably don’t have household contents insurance.
In cooperation with Helvetia Insurance, we offer a customized insurance solution for self-storage.
Common Risks to Stored Items
Several risks can threaten the safety of items in storage, including:
Theft: Despite security measures, storage units can be targeted by thieves.
Fire: Accidental fires can cause extensive damage to stored goods.
Water Damage: Leaks, floods, or humidity can lead to water-related damages.
Natural Disasters: Events such as storms or earthquakes can impact storage facilities.
Vandalism: Intentional damage by individuals can compromise your belongings.
Having insurance ensures that you’re financially protected against these unforeseen events.
What Does Storage Insurance Typically Cover?
Storage insurance policies can vary, but standard coverage often includes:
Fire and Smoke Damage: Protection against losses from fires.
Theft and Vandalism: Coverage for stolen or vandalized items.
Water Damage: Protection against certain types of water damage, excluding floods.
Natural Disasters: Coverage for events like storms; however, some natural disasters may require additional coverage.
Mold and Mildew: Some policies offer protection against damages caused by mold.
It’s essential to review individual policies to understand specific inclusions and exclusions.
How to Obtain Insurance for Your Stored Items
There are several avenues to secure insurance for items in storage:
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Homeowners or Renters Insurance: Many standard policies extend coverage to belongings stored off-premises, typically up to a certain percentage of the total coverage. It’s advisable to check with your insurer about the extent of this coverage and any limitations.
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Storage Facility Insurance: BOXLY offers an insurance option to you directly. For instance, we offer a basic insurance from HELVETIA covering goods up to CHF 10,000 for a premium of CHF 20.50 over a years period, with options to increase coverage at additional costs.
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Third-Party Insurance Providers: Specialized insurers offer policies tailored for self-storage, providing flexibility in coverage amounts and specific protections.
Contents insurance Helvetia
The contents insurance we offer covers direct damage or direct loss of property (see exceptions) during storage.
- Basic cover: natural hazards due to fire, liquids, gas
- Theft in your storage room or location after a break-in
The amount of the premium depends on the value of the stored property to be insured:
- For CHF 20.50 per year, you insure a property value of CHF 10,000
- For CHF 41 per year, you insure a property value of CHF 20,000
- For CHF 61.5 per year, you insure a property value of CHF 30,000
- For CHF 82 per year, you insure a property value of CHF 40,000
- For CHF 102.5 per year, you insure a property value of CHF 50,000
Optional covers
If required, Helvetia can put together a tailor-made insurance policy for you. Get in touch with us!
Factors to Consider When Choosing Storage Insurance
When selecting an insurance policy, consider the following:
Coverage Limits: Ensure the policy covers the total value of your stored items.
Exclusions: Be aware of any items or perils not covered by the policy.
Deductibles: Understand any out-of-pocket expenses you’ll need to pay before coverage kicks in.
Premium Costs: Compare costs to find a policy that offers good value for the coverage provided.
Claims Process: Research the insurer’s reputation regarding claim handling efficiency and customer service.
Steps to Insure Your Stored Items
Inventory Your Items: Document all items you plan to store, noting their condition and value. Photographs and receipts can be helpful for verification.
Assess Your Current Insurance: Review existing homeowners or renters insurance to determine if off-premises coverage is included and sufficient.
Consult with the Storage Facility: Inquire if they offer insurance options or have partnerships with insurance providers.
Research Third-Party Insurers: Explore specialized storage insurance providers for policies that meet your specific needs.
Select and Purchase a Policy: Choose the policy that offers the best coverage for your items and complete the necessary paperwork.
Regularly Update Your Inventory and Coverage: As you add or remove items from storage, adjust your coverage to reflect these changes.
Conclusion
Securing insurance for your stored items is a critical step in safeguarding your possessions against unforeseen events. By understanding the available coverage options and selecting a policy that aligns with your needs, you can ensure peace of mind while your belongings are in storage. Regularly reviewing and updating your insurance coverage will provide continued protection, allowing you to store your items with confidence.
Friendly, Flexible and Helpful
BOXLY - we've got you covered
Contact information
FURTHER INFORMATION:
- Telephone : +41 41 5253231
- e-mail : info@boxly.ch
- Postal Address : Ringstrasse 23, 6010 Kriens (LU)