Insurance


  • 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
  • Where It Hurts
    There's no end to the tangible and ethereal dangers we face in this day and age. It's a wonder we endure as a world culture, thriving where we should realistically fail, escaping castigation where it is often warranted, mercifully slipping through the hands of jeopardy. If ...More
    March 1, 2005 Teri L. Lanza Posted in Articles
  • Property Values for Insurance
    One of the most difficult questions self-storage owners and operators face is how to determine what property values to use when seeking insurance coverage for their facilities. This should be addressed when purchasing a policy, not after it has been issued or a loss has ...More
    March 1, 2005 Mike Gilbert Posted in Articles
  • Getting the Most for Your Insurance Dollar
    Perhaps the most important step in getting the most for your insurance dollar is finding the right insurance expert to assist you. Though we live in a society that promotes the do-it-yourself approach in most things, insurance is an area where it pays to have professional ...More
    March 1, 2005 Scott Lancaster Posted in Articles
  • Insurance Overview
    One of the most challenging tasks associated with owning or managing a profitable self-storage business is securing proper insurance coverage. The multiple liability exposures unique to this industry create an uncommon need for adequate protection. In addition to defending ...More
    March 1, 2005 Amy Brown Posted in Articles
  • Spring Legal Cleanup
    It's ironic that while this industry reaps the benefit of customers who practice "spring cleaning," sorting through their possessions and moving items into storage, most self-storage owners fail to do a spring cleanup of their own. Many do not perform an annual review of ...More
    March 1, 2005 Kenneth M.Piken Posted in Articles
  • Liability Claims on the Rise
    Leading into 2005, the outlook for self-storage commerce remains positive. The industry is growing into an increasingly sophisticated and customer-oriented business. The bad news is legal claims against self-storage facilities are also on the upswing. Self-storage ...More
    March 1, 2005 Mike Schofield Posted in Articles
  • Sell Your Worst Feature First
    An effective rule of selling is: Sell your worst feature first. If there is something about your facility you feel could negatively affect a rental, bring it the forefront early in the sales process. And don’t just reveal it to the customer—sell it to him. A mere mention ...More
    February 1, 2005 Tron Jordheim Posted in Articles
  • Insurance Risks and Real Estate
    You’ve decided to purchase a self-storage facility and you need to buy insurance. Many buyers want to know how much to put in their pro formas for this coverage. While there is no black-and-white answer, there are factors that contribute to the insurance premium. Knowing ...More
    February 1, 2005 Amy Brown Posted in Articles