What is Self Storage Insurance?

October 04, 2019

What is Self Storage Insurance?

All our customers must maintain insurance to cover their goods for the duration of their stay.

What is the value of cover needed?

The amount of cover you choose should, as accurately as possible reflect the full replacement value of the items in your unit. When deciding on cover to go for it is important to remember that in the event of a claim the insurance company may reduce your claim for under-insurance if you do not declare the full replacement value.


Insured value: Goods in storage are insured for £2,000, however their full replacement value is £8,000. You have only insured your belongings for 20% of their true value.

Incident: A liquid has leaked into your unit from the one above, damaging your bed. To replace your bed would cost £1,000, so you make a claim for that amount.

Claim: The insurance underwriters inspect your unit and determine that you have insured for only 20% of the true replacement value of your goods.

Pay-out: In this scenario you would only be compensated for 20% of the £1,000 you have claimed for, which would be £200. Consider the £100 policy excess and the final pay-out would be just £100.

We strongly advise against under-insuring your goods! If you have any questions about insurance, please speak with our storage experts in in Store.

Replacement value means the cost to purchase your items from new. Your cover will be based on replacement value, so you will need to declare the new item value.

Summary of Insurance

Our Summary of Insurance can be found by clicking here. [Summary of Insurance Cover]

For more information, please speak to a member of our team by contacting us on hello@cinchstorage.co.uk.

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Locations we service.

At Cinch Self Storage we can help arrange a pick-up service for your storage needs. See our locations listed below.

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1 Arkwright Road, Bicester, OX26 4SU

Unit C Hubert Road, Brentwood, Essex, CM14 4JE

The Depositary, South Road, Brighton, BN1 6SB

Bumpers Way, Chippenham

St Margarets Way, Stukeley Meadows Industrial Estate

1 Works Road, Letchworth, SG6 1FR.

Grovebury Rd, Leighton Buzzard, LU7 4SQ

July Court, Willie Snaith Road, Newmarket, CB8 7RL

666-678 Garratt Lane, SW17 0NP

25 Mollison Ave, Enfield, London, EN3 7LW

Newspaper House, Faraday Rd, Newbury RG14 2DW

Unit 4, Crown Quay Trade Centre, 1 Eurolink Way, Sittingbourne ME10 3DY

Unit 22 Mitcham Industrial Estate, Streatham Rd, Mitcham CR4 2AP

Invicta Business Centre, Bredgar Rd, Gillingham ME8 6PG

Cherry Tree Road, Watford WD24 6SB

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