Does My Georgia Homeowners Policy Cover My Stuff In Storage?

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Whether you're in between homes or just simply don't have enough storage at your current home, most folks in Georgia have used a storage facility at one point or another. If you have, you know that the storage facility will always try to sell you an insurance policy to cover your belongings while they are at the facility. So, should you buy the policy from the facility?

This depends on how much personal property and what type of personal property will be stored at the facility. Homeowners policies in Georgia do have coverage for your items in storage off-premises, but not without some restrictions or limitations:

Lower Coverage Limit

In Georgia, home insurance policies have a separate limit for personal property coverage off-premises and it is usually 10% of your personal property coverage listed on your declarations page. For example, if you have $200,000 of personal property coverage, this means you will have up to $20,000 of coverage while your items are in storage. Depending on the value of the items in storage, this may not be enough. Luckily, many carriers will offer you the chance to increase this coverage, if needed. Make sure to discuss your options with your local independent insurance agent. 

Limitations On Business Property And Specialty Items

If you are storing work-related property, tools, or equipment away from your home, your Georgia homeowners policy will not provide any coverage for those items. This is why you should consider a commercial insurance policy or a commercial inland marine policy. 

As for specialty items like guns, jewelry, art, collectibles, etc., those are already limited by the homeowners policy to a sub-limit of insurance. Even if the items were lost, damaged, stolen at your home, there is limited coverage available- usually $1,500 to $2,500 per item up to a maximum of $2,500 to $5,000. 

How Can You Make Sure Your Belongings At Properly Covered At Home And In Storage?

The best way to guarantee you're properly insured is to give us a call at The Roberts Insurance Group. We are an independent insurance agency based in Canton, GA and help homeowners throughout the state. Give us a call at 678-250-8133 or click below!

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