Inside Self-Storage

Insurance

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
3 weeks ago
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
What Would You Do? Getting a Grip on Self-Storage Crime

When you operate a self-storage business, crime is always a possible threat. The important thing is operators do their best to prevent crime from occurring, and if it does happen, to respond in a timely and appropriate fashion. Inside Self-Storage recently reached out to ...More
February 27, 2013
Posted in Articles, Legal Issues, Management
The Affordable Care Act’s Employer Shared Responsibility Penalty and How It May Affect Self-Storage Owners

With the Affordable Care Act’s healthcare insurance mandates on the horizon, there’s a lot of confusion about how self-storage operators will be affected. This article examines the definition of a “large” employer as well as the penalties employers might incur and how to ...More
February 11, 2013
Posted in Articles, Finance, Management
SBOA Teams Up With GMAC to Provide RV-Storage Insurance Discounts

The Storage Business Owners Alliance LLC (SBOA), a buying group for the U.S. self-storage industry, and GMAC Insurance, a nationwide property and casualty insurance company, have partnered to provide RV-insurance discounts to customers who store their RVs at self-storage ...More
February 5, 2013
Posted in News, Management

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