Goods Protection Cover
We make every effort to protect your goods while they are stored with us. However, there is always a possibility that loss or damage could occur and we want you to have complete peace of mind when storing with us.
For this reason, our contract requires your goods to be protected either by our enhanced liability under StoreProtect or via insurance you have arranged elsewhere at your own expense.
- Do I have to insure my goods?
Our Self Storage Agreement requires you to either: accept our enhanced liability protection under StoreProtect; or arrange insurance at your own expense for your stated Maximum Reinstatement Value for the duration of storage.
See below for details on StoreProtect.
- What is Goods Protection Plan?
We can provide protection for your stored goods on a new replacement basis.
Goods Protection Plan is an extension to our standard contract that allows us to accept liability for loss or damage to your goods in certain circumstances.
Our liability under Goods Protection Plan is accepted on a new replacement basis for most goods you store. However, there are restrictions for some items, such as jewellery, watches, furs, fine art, beers, wines, and electrical items. We cannot offer Goods Protection Plan for motorcars stored outside a unit or food/perishable items.
Please request a copy of our Self Storage Agreement and/or Goods Protection Plan Addendum for full details of the protection we can provide by emailing storage@innerspacestations.com. To benefit from Goods Protection Plan, you must declare an appropriate new replacement value for all goods stored (known as the Maximum Replacement Value). This figure must be adequate to include all goods at all times.
If you do not opt for Goods Protection Plan, our standard terms limit our liability for your goods to a maximum of £100. You are also required to arrange insurance at your own expense for your stated Maximum Reinstatement Value for the duration of storage.
- How do I calculate my Maximum Replacement Value?
We must understand the total value of all goods stored with us, even if you arrange insurance elsewhere. It is, therefore, a requirement for all customers to declare a suitable Maximum Replacement Value and to ensure it remains adequate for the storage period.
Your Maximum Replacement Value must represent the total current cost of replacing all stored property as new, except the following items where the replacement cost is calculated differently:
• household linen and clothing, motorcars, motorbikes, boats, caravans, motorhomes and any other motorised vehicle, where the Replacement Value allows for the age, quality, degree of use, existing damage and consequent market value;
• any goods which cannot be purchased new (such as antiques or works of art, for example), where the replacement value shall be the current market value; and
• documents, where the Replacement Value shall be calculated as the physical cost of replacing the documents and/or cost of reprinting, re-issue and/or reconstitution, but excluding the value of the information contained in the documents