Insurance


  • Keeping Insurance Costs In Check
    The self-storage industry has undergone many changes over the past 20 years, evolving from a core group of small, mom-and-pop operations to a large, powerful organization of professional business people. The rapid growth of the industry has further created a variety of ...More
    October 1, 2005 David Wilhite Posted in Articles
  • Lien on Me
    The lien sale is a necessary evil of self-storage operation. Eventually, every owner is faced with the task of evicting a tenant for failure to pay rent and reclaiming the storage space. The most common way to do this is to place a lien against the tenant’s property and ...More
    September 1, 2005 John Roark Posted in Articles
  • Universal Discontinues Insurance Program
    After 10 years of service to the industry, Phoenix-based Universal Insurance Facilities Ltd. has discontinued its self-storage program. ...More
    July 29, 2005 Posted in News
  • On The Move Participates in Ford Celebration
    Due to its January 2005 launch of a new one-way truck-rental program that uses Ford trucks exclusively, On The Move Inc. was invited to attend Ford Motor Co.’s centennial celebration in San Antonio. ...More
    July 29, 2005 Posted in News
  • Republic Western Returns to Self-Storage
    After being placed on administrative supervision by the Arizona Department of Insurance in May, Republic Western Insurance Co. has returned to offering self-storage owner and tenant insurance. ...More
    July 29, 2005 Posted in News
  • The Calm Before (During and After) the Storm
    From the beginning of June until the end of November, the Coastal United States—from Maine all the way to Texas—is vulnerable to some of the most destructive storms on earth. The 2004 hurricane season was one of the worst on record, with four major hurricanes that caused ...More
    July 1, 2005 John Roark Posted in Articles
  • To ‘Trust’ or Not to ‘Trust’
    To ‘Trust’ or Not to ‘Trust’ By Pieter Kark and Ken Yap While asleep, Ginny dreamt many dreams, but the one she remembered when she awoke was a strange one: It was about life insurance. Wait… No… It was actually about leaving her home, savings and self-storage business to ...More
    June 1, 2005 Pieter Kark and Ken Yap Posted in Articles, Finance
  • Security Gates: Friend and Foe
    Self-storage owners purchase automatic access-control gates to heighten the security of their premises and the safety of tenants’ goods. Customers feel confident about storing their possessions in a gated facility because gates are great deterrents to potential burglars and ...More
    June 1, 2005 Amy Brown Posted in Articles
  • Battling Employee Dishonesty
    Most self-storage owners would like to think their staff is loyal, trustworthy, honest and dedicated to their business. Unfortunately, temptation, greed, and social and financial pressure can drive some employees to treachery. Even the most efficient storage facility can ...More
    May 1, 2005 Amy Brown Posted in Articles
  • Insurance Q&A
    Q: A tenant injured herself at my facility and expects my insurance company to pay her medical expenses. The woman lost her balance and fell on the stairs while exiting the rental office, but the steps and handrail were painted yellow for visibility and are in excellent ...More
    April 1, 2005 Amy Brown Posted in Articles