Insurance


  • The Terrorism Risk Insurance Act
    Last year, when you opened your holiday mail, you most likely found a greeting from your insurance company regarding your storage policy and the Terrorism Risk Insurance Act of 2002 (TRIA). You received this because shortly after the terrorism attacks of Sept. 11, 2001, ...More
    November 1, 2003 Amy Brown Posted in Articles
  • Deans & Homer
    A customer comes into your office complaining about water leaking into his storage space and leaving him with damaged property. How do you respond? Do you say something like, “We sure hope you have insurance on your stored property, because the rental agreement makes it ...More
    November 1, 2003 Posted in Articles
  • Working With Property Management
    If you are a self-storage owner who has just purchased a facility but have no industry experience, you may find the tasks involved with starting a new business a bit overwhelming. Management companies are available to assist and guide you through the beginning stages and ...More
    October 1, 2003 Amy Brown Posted in Articles
  • Dealing With Hazardous Materials
    The discovery of hazardous materials in a self-storage unit can happen to even the most cautious storage operator. You might come into work one day and discover gas has spilled onto your property from a nearby construction site. Perhaps you find an abandoned unit filled ...More
    September 1, 2003 Amy Brown Posted in Articles
  • Choosing the Right Contractor
    Licensed vendors and professional contractors are hired to provide materials, equipment, supplies and services. Vendors contribute to the daily operation of every facility. For example, trash collectors properly dispose of garbage. A lawn service may be used to cut grass ...More
    July 1, 2003 Amy Brown Posted in Articles
  • Employee Dishonesty
    Most storage owners would like to think their employees are loyal, trustworthy, honest and dedicated to the self-storage business. Unfortunately, temptation, greed, social issues and financial pressure can put some in a position to potentially betray their employers. Even ...More
    June 1, 2003 Amy Brown Posted in Articles
  • Installation: Word of Warning
    In the wake of the fire that took place Feb. 20 at the Station Night Club in W. Warwick, R.I., taking 99 lives and causing injury to nearly 200, I would like to point out some facts related to the event. This tragedy has a direct correlation to the self-storage industry, ...More
    June 1, 2003 Al Costantino Posted in Articles
  • Recognizing and Reducing Slips and Falls
    Self-storage owners should be concerned with recognizing and reducing liability exposures. One of the largest types of claims seen among insurance companies is the ever-popular slip-and-fall injury. Judges are cracking down on storage owners who allow dangerous conditions ...More
    May 1, 2003 Amy Brown Posted in Articles
  • The Dangers of Gate Damage
    Self-storage owners purchase automatic access-control gates to heighten the security of their premises and the safety of their tenants' goods. Customers feel assured about storing their possessions in a gated facility because gates are great devices for deterring potential ...More
    April 1, 2003 Amy Brown Posted in Articles
  • Looming Legal Issues
    When you first get involved in self-storage, there are so many things to think about and so many decisions to make, you may forget all about the legal issues facing you. Presuming you have survived the buying of a facility and the process of obtaining zoning approval; ...More
    March 1, 2003 Jeffrey Greenberger Posted in Articles