Insurance Crisis? The Impact of Climate Change on Self-Storage Operations and Investments

One of the inconvenient truths about climate change and the self-storage industry is the way in which it’s impacting facility insurance. Not only are premiums increasing, but some operators may be at risk of losing coverage unless they make certain upgrades. Others may find it difficult to even secure a policy, depending on their location and other factors. Watch industry owner and author Mark Helm as he discusses this ripple effect and what it means for fellow owners and investors. Though at-risk assets may open doors for the latter, there are tens of thousands of operators grappling with mounting expenses and concerns over potential natural disasters. Where does your site stand in this growing quandary?