Insurance


  • ISS PUZZLER
    CONTEST: Submit your correct answers by March 31, 2007, and you’ll be entered to win a deluxe “I Love the ISS Vegas Expo” poker set. Simply copy and fax the solved puzzle to 602.567.6857; or mail to Debbie Pirkey, Virgo Publishing, P.O. Box 40079, Phoenix, AZ, 85067-0079; ...More
    March 1, 2007 Myles Mellor Posted in Articles
  • Insurance Basics
    People look forward to buying insurance about as much as visiting the dentist. With both, however, prevention is the key to minimizing unexpected costs and rude awakenings later on. Insurance is usually bought because banks require it. Even those who could pay cash to ...More
    March 1, 2007 Chuck Slagle Posted in Articles
  • New eBay Ancillary Sparks Insurance Questions
    A new business model has appeared on the self-storage horizon: selling property for customers on eBay. Recently, I was asked to advise a self-storage owner and his agent about how our self-storage insurance policy would respond to the service. EBay, of course, is the ...More
    March 1, 2007 Scott Lancaster Posted in Articles
  • NEWS
    Please submit your news releases to storagenews@vpico.com . Audit Gives Thumbs Up to Centershift’s Controls Centershift, a provider of web-based management software for the self-storage industry, successfully completed a Statement on Auditing Standards No. 70 (SAS 70), ...More
    February 1, 2007 Posted in Articles, Finance
  • Due Diligence and Risk Management
    Risk management in self-storage acquisitions always begins with proper due diligence— research that informs a buyer of financial and market risks. Buyers of self-storage properties should know that sellers or agents are looking to make the most money possible, which may ...More
    February 1, 2007 RK Kliebenstein Posted in Articles, Development
  • Bader Co. Offers Self-Storage Hurricane Coverage
    Indianapolis-based Bader Co., a provider of specialized insurance products for the self-storage industry, now offers Storm Tracker hurricane coverage for storage facilities. ...More
    January 19, 2007 Posted in News
  • Universal Insurance Adds Self-Storage Pollution Coverage
    Universal Insurance Facilities Ltd. now offers pollution legal liability insurance for the self-storage industry. ...More
    January 8, 2007 Posted in News
  • LEGAL PERSPECTIVES
    It never ceases to amaze me how few self-storage tenants purchase self-storage insurance. I’ve started asking managers their theory as to why. They’ve offered a litany of answers, the two most common being: 1) Customers believe their goods are covered by their homeowners ...More
    December 1, 2006 Jeffrey Greenberger Posted in Articles
  • SUPPLIER SPOTLIGHT
    The easier you make it for storage renters to move in, the higher your occupancy rates will be. One service to attract tenants is a convenient means to transport their goods. KW Nash Group (KWNG) is a one-stop, truck-leasing company that sells and leases vehicles and ...More
    December 1, 2006 Elaine Foxwell Posted in Articles
  • Conduit Lending
    For self-storage, most of the long-term, fixed-rate financing (10 years or longer) is provided by the Wall Street “conduit” market also known as “securitized” lending. These loans are originated around the country collateralized by various property types, pooled together in ...More
    November 7, 2006 David Smyle Posted in Articles, Finance