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Storage Insurance

When you store something, you want to keep it safe. Most storage locations are safe, but there's always the chance of something going wrong—from a fire that spreads through multiple units to thieves breaking in and looking for valuables to sell, even a well-secured item could be at risk. Storage insurance can help mitigate this risk by providing coverage in case the stored items are damaged or stolen. This coverage is available to both businesses and individuals.

Storage Insurance for Businesses

Does your business store any equipment or inventory at an off-site location? Using self-storage facilities and other 'miniature warehouses' has become more popular in recent years, especially among companies who need just a little extra space, but storing objects in these off-site locations can remove them from the safety of your existing business plan.

Getting the right amount of storage insurance can make sure that anything stored offsite can be replaced if it's damaged while you're not looking. Be sure to ask a Waypoint Insurance Advisors, Inc. agent about how much coverage your business needs—standard policies for storage insurance tend to have low limits, so if you're storing valuable equipment or inventory, you'll need to make sure your policy is enough to cover any losses in full.

Retail insurance does not apply to items that are being stored in the company's warehouse, on the shelves of a retail location, or anywhere within its normal offices. Those items are covered by other plans, typically commercial property insurance, and would not benefit from this type of coverage.

Storage Insurance for Individuals

Are you one of the millions of people with products kept in storage? If so, your assets may be at risk—and it's not just thieves you have to worry about. Many facilities are also exposed to problems like mold growth and weather damage, and you may not even know your belongings are at risk if you don't check them on a regular basis.

As someone with items in storage, you want your belongings to be safe and protected until you're ready to take them out of wherever they're being kept. Getting a storage policy now can help ensure that even if the worst occurs, you'll be able to get reimbursed for the items you lost.

 

1. "Storage Units Easy Prey for Thieves." ABC News. 2013. Accessed April 12, 2016. http://abcnews.go.com/blogs/business/2013/05/storage-units-easy-prey-for-thieves/

2. "Mold, Theft and Hurricanes: The Risks of Self-Storage." WSJ. August 3, 2005. Accessed April 12, 2016. http://www.wsj.com/articles/SB112303337889003384.

Our Location

Waypoint Insurance Advisors

7900 Excelsior Blvd, Suite 100
Minneapolis, MN 55343
Main office: 952-835-4848
Fax: 952-470-2142

Our Providers

Testimonials

Waypoint provides high-quality professional results for all your insurance needs. In my case, they were able to get me the highest-quality coverage for less money. In addition, they made recommendations that increased my protection. Waypoint surpassed my expectations! Call them today if you’re looking for the best.

Not only are they very knowledgeable about the industry, but they are willing to go the extra mile to find the best rates and policy for your family’s needs. They are very responsive to phone calls and emails and always make themselves available to answer and help with any questions that arise. We wouldn’t even consider going elsewhere. Waypoint came highly recommended by a friend, and we can definitely see why.

My family and I have been using Waypoint Insurance Advisors for many years and it’s for one reason: Personal Service. In an age of impersonal communications and a one-size-fits-all mentality, Waypoint stands out above the rest with their dedication to finding ME the right product at the right price, all with a personal touch. I highly recommend Waypoint.

I have worked with other insurance providers in the past who have claimed to be able to provide the best protection for the lowest price and never found one as honest and dedicated as Waypoint. They took the time to find out what I needed to have done and was able to increase my protection at the same time lowering my costs. Waypoint’s first concern is your concern. They put the customer first and this is what I was looking for in choosing an insurance agent.

Waypoint is extremely responsive and offers a personal touch second to none in my experience with insurance companies. It’s comforting to know I have a local insurance agent that is only a phone call away, no 1-800 numbers! I have referred many families to Waypoint and will continue to do so.