If you’re renting an apartment or home, you likely understand the value of renters insurance. It protects your personal belongings from risks like theft, fire, and certain types of water damage. But what happens when your items aren’t inside your home? What if they’re stored in a storage unit across town? At Capital Insurance in Spokane, WA, we often get this question—and the answer might surprise you.
Off-Premises Coverage Explained
Many renters insurance policies include “off-premises” coverage, which means your belongings can still be protected even when they’re not physically inside your rental. For example, if you have furniture, clothes, or electronics stored in a unit during a move or while downsizing, your policy may still cover them—though typically with some limits.
Understand the Limits and Exceptions
While it’s reassuring that renters insurance can extend to storage units, it’s essential to note that the coverage amount is typically lower than that for items in your home. For instance, your policy may cover only 10% of your total personal property limit for items stored. Additionally, certain risks may not be covered. Damage caused by flooding, mold, or vermin is often excluded from renters’ insurance policies.
Review Your Policy Before You Store
Before moving your belongings into a storage unit, take the time to review your policy or consult your insurance agent. Every policy is different, and understanding what’s covered can help you avoid unexpected surprises later.
Get the Right Coverage for Every Situation
If you have questions about renters insurance or need help understanding your coverage, reach out to Capital Insurance in Spokane, WA. We’re here to ensure you and your belongings are protected—no matter where they are.
