Are there other factors that can affect the storage unit prices in your area? The answer is yes. Below, we’ll explore a few factors you’ll want to consider when adding a storage unit to your monthly budget.
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Similar to other moving and relocation services, storage units are usually in less demand during the winter months, especially in cold-weather regions.
You’ll be able to get better prices and choose from a wider selection of storage units during this time, as companies tend to run deals to woo new customers.
Storage unit companies will usually require customers to have some type of insurance policy covering the contents of their unit. Insurance fees will be determined by the amount and total value of the items you are storing.
Depending on how much coverage you need, you can purchase it through the company (the fee will get tacked onto your monthly costs) or you can buy a separate policy.
Your existing homeowner’s insurance and renter’s insurance might suffice, but you will have to show proof of coverage to the storage company.
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Do not make any assumptions about what your insurance policy does or does not cover. If you have priceless items in your storage unit, you will want to sign up for a policy that will provide you the highest reimbursement should fire, flood, theft or vandalism incur any damage.
Insurance policies don’t always cover natural disasters, however, so if you’ll be renting storage in an area where harsh weather can inflict damage, make sure you choose a policy with adequate coverage.
When you rent a storage unit, you can expect taxes and fees to be tacked onto the price. Taxes depend on the rate in your area, but fees can differ. Some companies will charge extra for things like administration set-up (which may include automatic payments) and insurance.
These additional fees may or may not be included in any online estimates you get from the company, so keep that in mind when budgeting for your storage unit. You’ll also want to make sure you pay your storage rent on time, as companies will likely charge a fee for late monthly payments.
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