Tracy
05-08-2001, 05:20 PM
This message does not pertain to fishing, but it does pertain to the storage of your gear in the "YOU STORE TYPE" STORAGE RENTAL SHEDS that are found everywhere accross our country. I am posting this message in hopes that what has happened to me will not happen to any of you.
One and a half years ago I set out to secure a storage shed at the local Public Storage. I settled on a 10'x10' unit. As I was filling out the neccessary paperwork I was led to believe that I would need to purchase a form of rental insurance from the company that had contracted to offer this service to the clients of this particular Public Storage. I purchased a policy that had coverage of $2,000 which at the time was more than adequete to cover my belongings. I needed this extra space in order to make room for the remodel that I was completing in my basement. As I progressed on this remodel more and more of my belongings found their way to the storage unit.
One year ago, my unit along with 16 others were broken into. The locks were all forced off of the doors. Everything that I had placed in this unit that was of any value was stolen (well over the $2000 coverage limit that I had purchased). I filed all of the neccessary police reports, called the insurance company, filled out my insurance claim, and sent all of this information to the insurance company whose policy I had purchased.
It now has been 1 year since the break-in occurred and I have yet to see a settlement. The company I am paying to insure my items at the Public Storage is refusing to settle this claim because I also have Homeowners Insurance. My Homeowners Insurance is refusing to pay this claim because I purchased a seperate policy to cover the articles that were contained in the storage unit.
MY POINT IS THIS: To any or all who are considering renting a storage unit to store your belongings in PLEASE consult your Homeowners Insurance Agent prior to renting one of these sheds. Most Homeowners Ins. Policies do cover items that are stored off of the premisess (mine did), but it has an exclusion clause that states items seperately insured by other means will not be covered. My Homeowners Policy would have covered this LOSS IN FULL had I not been so naive in believing that i needed to purchase the coverage to insure the contents of my rental shed.
If perhaps you have fallen victum to the purchase of un-neccessary insurance as I did, please read your policy closely. Then contact your Homeowners agent and inquire about coverage of your items that are stored off premises. The limits of covergae on the policy that I purchased at Public Storage for theft were 50% of my coverage less a $100 deductable or $900 in this case. my loss was well over $2400. NOTE AGAIN that my Homeowners Policy would have covered this in full.
I have been fleeced. Hopefully you will not be.
One and a half years ago I set out to secure a storage shed at the local Public Storage. I settled on a 10'x10' unit. As I was filling out the neccessary paperwork I was led to believe that I would need to purchase a form of rental insurance from the company that had contracted to offer this service to the clients of this particular Public Storage. I purchased a policy that had coverage of $2,000 which at the time was more than adequete to cover my belongings. I needed this extra space in order to make room for the remodel that I was completing in my basement. As I progressed on this remodel more and more of my belongings found their way to the storage unit.
One year ago, my unit along with 16 others were broken into. The locks were all forced off of the doors. Everything that I had placed in this unit that was of any value was stolen (well over the $2000 coverage limit that I had purchased). I filed all of the neccessary police reports, called the insurance company, filled out my insurance claim, and sent all of this information to the insurance company whose policy I had purchased.
It now has been 1 year since the break-in occurred and I have yet to see a settlement. The company I am paying to insure my items at the Public Storage is refusing to settle this claim because I also have Homeowners Insurance. My Homeowners Insurance is refusing to pay this claim because I purchased a seperate policy to cover the articles that were contained in the storage unit.
MY POINT IS THIS: To any or all who are considering renting a storage unit to store your belongings in PLEASE consult your Homeowners Insurance Agent prior to renting one of these sheds. Most Homeowners Ins. Policies do cover items that are stored off of the premisess (mine did), but it has an exclusion clause that states items seperately insured by other means will not be covered. My Homeowners Policy would have covered this LOSS IN FULL had I not been so naive in believing that i needed to purchase the coverage to insure the contents of my rental shed.
If perhaps you have fallen victum to the purchase of un-neccessary insurance as I did, please read your policy closely. Then contact your Homeowners agent and inquire about coverage of your items that are stored off premises. The limits of covergae on the policy that I purchased at Public Storage for theft were 50% of my coverage less a $100 deductable or $900 in this case. my loss was well over $2400. NOTE AGAIN that my Homeowners Policy would have covered this in full.
I have been fleeced. Hopefully you will not be.