« Back to all glossary categories
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Contents protection
Contents protection is cover that a self storage operator arranges for the goods its customers store, paid for as a…
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Exclusions
Exclusions are the parts of an insurance policy that name the losses, causes or items it won't pay for, even…
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Full replacement value
Full replacement value is what it would cost, at today's prices, to replace everything you're storing with new equivalents. It…
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Inventory
An inventory is a written list of the things you've put into storage, ideally with a description, a replacement value…
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Legal liability
Legal liability is a legal duty to pay for loss, damage or injury you cause, for example through carelessness (negligence)…
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Claim
A claim is a formal request to an insurer, or to whoever is legally responsible, to pay for loss or…
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Declared value
Declared value is the figure you state, to an insurer or a storage company, as the worth of the goods…
