Do I Have Enough Insurance?

My auto insurance is up for renewal next month so I’ve solicited a few free quotes from other insurance companies to ensure I’m getting the most I can from my current insurer.

Most of these quotes can be completed online with instant information, which sure beats calling an agent and waiting hours—sometimes a day—for a quote. However, I do miss the personalization you receive when talking directly with an insurance agent. I can’t ask a website questions like, “Am I buying enough coverage?” Or “How fast will you respond to a claim?”

Buying insurance—for yourself or your business—is a huge decision. There are so many factors that come into play, particularly for self-storage business insurance, which doesn’t fall into a typical business insurance package. And without the proper coverage, you could be in trouble if something does happen.

This is one place business insurance has a big advantage over auto. You don’t buy your business insurance off the Internet. Nope, you can actually work with an insurance agent to determine what your business needs. But before your next meeting, I recommend you read the insurance articles in the ISS archives. Written by experts who work in the self-storage industry, the articles cover a gamut of topics including specialty coverages such as boat/RV, understanding the claims process, why you should offer tenant insurance and protecting yourself against workers’ comp issues.

For even more information about self-storage insurance, attend the Inside Self-Storage World Expo in Las Vegas, March 1-3. Leading insurance experts including Larry Friedman of Bader Co., Randy Tipton of Universal Insurance Co., and David Rose of Storage Property Protection will talk about industry-specific insurance issues. To register and read the entire agenda, visit www.insideselfstorageworldexpo.com. We hope to see you there!