Abacus Storage Insurance

Abacus Storage Insurance

What is Storage Insurance

If something is worth storing, it is worth insuring!

Every day risks are everywhere, and even seem to be increasing, and there is ample evidence in our daily news. Increased climate risks include disastrous and excessive rainfall, wild fires, invasive species, etc. Other kinds of risk include property crimes of all kinds. This apparent elevation in risk makes it wise to insure your home and its contents, or your car, or your business. Similarly, it is prudent to insure the contents of your self storage unit. And there is no excuse for not doing so – low cost insurance is available at Abacus. Finally, and as is typical in the self storage industry, customer unit content losses are not covered by Abacus or its insurers.

Of course, and in response to the increased risks that are apparent today, Abacus has and continues to make major expenditures to mitigate and reduce risk as much as possible. Examples of improvements in this respect include:

  1. A new steel roof with an expected life of 40 years plus over a large part of its building area (with a new roof to be installed over its remaining building area in the near future);
  2. Installation of an extensive closed circuit camera system on the exterior and interior parts of its property, along with very extensive surveillance capability from the office;
  3. General maintenance and upgrading of its emergency electrical power generator to insure that it continues to protect against general hydro failures in Richmond Hill.

As in the past, these new additions are part of Abacus’ continuing concern with having a high degree of safety and security on its property. Of equal importance are diligent on site personnel who take care to notice what is happening on the property.

However, and despite best efforts, it is impossible to remove all of the risks that we all face. Climate change is happening; thieves will always be with us and they will always look for a way.

Perhaps the best examples are high priced automobiles. There are all kinds of sophisticated car alarm and theft prevention systems, yet cars are stolen with ease and regularity. State of the art security systems are available and used for residences, yet losses are common. As a result, readily available insurance is used to cover possible losses related to cars, homes, businesses, and of course, self storage.

So it is at Abacus –specialized low cost insurance is readily available for the contents of a self storage unit. (There may be homeowner policies that cover the contents of a self storage unit, but this is not common.) Self storage unit contents coverage is available up to $25,000 per unit (deductible is $500), and the cost is not excessive – just a few dollars per month and depending on the size of your unit. (It is highly desirable to have an up to date list of everything in the storage unit, and the more detailed the better. It is also desirable to have documentation available supporting the value of items in the storage unit, as it is of assistance in supporting proof of loss, if and when a claim is made.)

Why Abacus Storage Insurance?

In summary, and despite precautions, losses can occur at any time from a wide variety of causes. For this reason, it is highly advisable for self storage unit holders to arrange insurance for their unit contents at the time of occupancy of the unit. 

What are the benefits Abacus Storage Insurance?

The benefit of self storage insurance is that it covers more than just the risk of theft. Coverage is available for fire, water damage from burst pipes, etc. Some of these events can be catastrophic (typical policies usually have exclusions so it is important to review the policy at the time of purchase).

For instance, a damage incident at Abacus once occurred when someone moving into a unit accidentally hit a sprinkler head and caused it to release a great deal of water before the leak was stopped. Serious damage occurred to the building and to the contents of about 25 units.

Totally unrelated to Abacus, a fire broke out in a self storage property a number of years ago in Toronto and the building and all of the contents of all of the units were totally destroyed. 

If there is a power failure in mid winter and heat is unavailable for hours or even days (as has indeed occurred a few times in the last few years), fire prevention sprinkler systems could freeze, and losses could be catastrophic. (The risk of freeze up is minimized at Abacus, as Abacus has an emergency electrical generator powered by natural gas. This generator has kept the lights and heat on at Abacus during major a major ice storm, and prevented catastrophic losses.)


“Just rented a storage locker from Abacus Self Storage. They are well organized , courteous, well organized and efficient. The locker is spotlessly clean and I am very pleased with the... Read More

Elyse Pomeranz

“My girlfriend and I are moving into a new place together and we had to find a secure, affordable and convenient storage facility to store our belongings, while we are transitioning to a new... Read More

Scott and Ola, Scottola

“Very knowledgeable and helpful staff. One stop shop to buy all packing and moving supplies. Very clean, bright and secure storage facility, that can be easily accessed. Would highly recommend to... Read More

Jodi M
Abacus has been helping customers meet their storage needs over many years.

The people in our testimonials are amongst the thousands of people that Abacus has had the privilege of serving since 1999. Some of these customers have taken the time to give us feedback, both personally and in written reviews, on their experience at Abacus, and for that we are most grateful.

Amir Samadi
Amir Samadi
Friendly helpful staff. Clean and well maintained facilities, well lit, easy to get in and out of with access code and gate. Nice size storage units. Reasonably priced.
KC Chow
KC Chow
I have been using Abacus Self Storage for a number of years now and I am still extremely happy with the service and facilities. The staff are always friendly and knowledgeable, and they have made the process of renting a storage unit a breeze. The facilities are top-notch, with well-maintained and secure storage units, climate control options, and 24-hour surveillance. I feel confident knowing that my belongings are safe and secure, and I have peace of mind knowing that the facilities are well-maintained and protected. The location is also convenient and easy to access, making it a great option for anyone looking for storage solutions in the area. The prices are competitive, and the range of unit sizes and amenities offered is impressive, making it easy to find the perfect storage solution to meet my needs. I would rate my experience with Abacus Self Storage a solid 5 stars. The staff are always friendly and professional, the facilities are top-notch, and the overall experience has been a positive one. I have been using them for a number of years now, and I have never had a problem or a negative experience. I would highly recommend this facility to anyone looking for secure and reliable storage solutions in the Richmond Hill area.
Jannetta Oum
Jannetta Oum
This place is the best storage place in town they went above and beyond workers are very professional and friendly the boss genuinely cares about his clients and take good care of them I recommend this place to everyone
Amit Thakor
Amit Thakor
The staff here is very kind and helpful. They showed me around and even pushed the due date a little further at no cost. Also the locker unit is right near the door.


Learn More About Abacus Self Storage in the Greater Toronto Area!

What is the price, and are there any promotions?

Our affordable prices are always set to deliver great value. Further, we regularly run promotions to give our customers the best deals on self-storage.

What should I do if my administrative/personal information has changed?
If your contact information (phone, email, address) changes, please let us know as soon as possible. If you are moving, be sure to change address for utilities, telephones, etc. Organize a checklist related to your move. The post office has special forms for address changes.
What do I need to do if I want to vacate my unit?
Give 1 week notice when the unit is being vacated.
Do I need reservations on a storage unit?
Inquire about advance reservations, to help ensure that a properly sized storage unit will be available when you need it. At Abacus, we do not charge for making advance reservations.
What should I be aware of when renting a storage unit?
Take time to review the storage agreement, as it is your protection while in storage.