Inside Self-Storage

Insurance

Motorists Mutual Insurance Offers Protection Plan for Self-Storage Facility Owners

Motorists Mutual Insurance, a regional property and casualty insurer, has introduced a protection plan for self-storage facility owners. The new product features actual loss sustained business-income coverage; customer property legal liability; coverage for facility signs, ...More
3 weeks ago
Posted in News
Insurance Coverage for Mobile-Storage Operations

Whether leasing storage containers or modular units for residential or commercial use, the insurance exposures are different from those of a company that just sells these units. It’s critical to understand the fine points of a mobile-storage insurance coverage to make sure ...More
4 weeks ago
Posted in Articles
Safety Hazards and Bodily Injuries Self-Storage Operators Share Personal Experiences

As one of their many tasks, self-storage operators must guard against accidents that can occur on the property to tenants, visitors and staff. Threats like faulty access gates and malfunctioning unit doors not only pose a threat to people's physical safety, they can become ...More
5 weeks ago
Posted in Articles, Management
Indiana Governor Signs Bill Allowing Self-Storage Operators to Sell Tenant Insurance

Indiana Governor Mike Pence signed a bill into law on April 24 giving self-storage operators the ability to collect payment for over-the-counter tenant insurance. ...More
April 30, 2013
Posted in News, Legal Issues, Management
Health-Care Changes Loom: Is Your Self-Storage Business Ready?

The sweeping health-care reform passed in 2010 takes full form next year. Here’s what self-storage owners needs to know about the mandate, penalties and health-care exchange programs. ...More
April 2, 2013
Posted in Articles, Legal Issues, Management
New Whitepaper Highlights Benefits of Self-Storage Tenant-Protection Plans

In the self-storage industry, a tenant-protection plan is not the same as tenant insurance. Facility operators can learn the difference between the two as well as benefits to a protection plan in a new whitepaper titled, "Tenant-Protection Plan: A Storage Operator's Secret ...More
March 27, 2013
Posted in News, Management
Tenant-Protection Plan: A Storage Operator's Secret to Increase Rent Roll, Profit and Portfolio Value

A tenant-protection plan is not the same as tenant insurance. It takes advantage of the lessor/lessee contractual relationship and modifies the "Release of Liability" provisions found in most self-storage rental agreements. The operator, for an additional monthly fee, ...More
March 22, 2013
Posted in Whitepapers
Storage Business Owners Alliance Partners With All Risks to Offer Property-Insurance Program to Self-Storage Owners

The Storage Business Owners Alliance LLC (SBOA), a buying group for the U.S. self-storage industry, has formed a partnership with All Risks Ltd., an independent, wholesale insurance broker and program administrator for the self-storage industry, to form the SBOA Property ...More
March 18, 2013
Posted in News, Management
Storsmart Insurance Hires Riehm as Western Region Sales Director

Storsmart Insurance Co., a provider of tenant insurance for the self-storage industry, hired Ben Riehm as western region sales director. Riehm will focus his efforts on helping self-storage operators improve the tenant-insurance component of their business. ...More
March 4, 2013
Posted in News
What Would You Do? Handling Common Crises in a Self-Storage Operation

Self-storage operators never know when a crisis may hit such as a fire, flood, roof leak or tenant injury. They must be prepared to act when something goes wrong. Inside Self-Storage recently reached out to self-storage operators and insurance experts to learn how they ...More
March 3, 2013
Posted in Articles, Legal Issues, Management

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