Blog

The self storage industry is one of the fastest growing in the UK with record numbers of people using self storage, and a huge number of new storage facilities opening every year.  But why are so many of us using self storage now?

The self storage industry is a fast-growing one in the UK, accounting for a massive 47% of the total European storage market.  There are 1430 storage facilities in the UK, offering a total of 42.2 million square feet of storage space...

We have blogged before about unusual uses for storage units, with reports of people using their storage containers for various imaginative purposes, from gyms to photography studios but how about using a storage unit as somewhere to live!

When considering storing your personal or business goods away from home, it is worth taking a little time to look at the types of storage available in your location and how suitable they are for your purposes.  You should also check whether there are any limits to your storage insurance for that specific type of storage or individual storage location.

As specialist storage insurance providers, we operate in an increasingly crowded market place.  So what is it that makes Store Insure stand out from the competition?

Employment and business ownership in the UK has changed in recent years, with more and more people opting to work as self employed small business owners rather than in more traditional, paid employment.  This change has prompted an increase in the amount of businesses using self storage facilities.  

The Self Storage Industry is going from strength to strength, and with estimates of the value of the industry in 2016 being £540 million, it is inevitable that there will be some providers who are better than others.  

Are all Storage Insurance policies the same? This is a question we are sometimes asked.  Particularly by potential purchasers who have been offered insurance as ‘included’ in the cost of self storage, or as a separate product, sold by a storage provider.  The answer is no, not all policies are created equal. Particularly when looking at insurance which is included, we would advise caution for a number of reasons.

Insuring your possessions whilst they are in self storage is essential and mitigates against the major risks to those goods whilst they are stored such as, fire, flood, theft, vandalism, sprinkler damage and damage from moth and vermin.  However, there are a number of steps you can take yourself when packing to ensure that you minimise the risks to your possessions whilst in storage.

From the 1st June 2017 there will be an increase to the Insurance Premium Tax (IPT).  IPT is currently set at 10%, paid on the total value of the premium payable.  The increased rate, which will apply to all transactions which take place after 1st June 2017, will be 12% of the premium value, excluding any fees.