Tenant Property Protection (TPP), a Phoenix-based company that offers protection for goods stored in self-storage units, has just launched a new plan designed for boat and RV storage. TPP Plus is an ADW/DR (accidental damage waiver/deductible reimbursement) plan that provides comprehensive protection for outdoor boat/RV storage while creating a revenue stream for facility operators, according to a press release. It eliminates the out-of-pocket expenses incurred when vehicle owners use insurance for damage claims. The zero-deductible, pay-with-rent plan protects against onsite accidents as well as external and internal damage, and offers up to $250 in vehicle-contents theft.
The launch of TPP Plus coincides with a surge in RV popularity across the nation as consumers look for alternative ways to enjoy travel and leisure during the coronavirus pandemic. RV sales in the United States this year have increased 40 percent, with the trend expected to continue. Millennials comprise 38 percent of the segment, the release stated.
“The RV and boat market is growing at a record pace,” said Terry Anderson, president and CEO. “With TPP Plus, we’re excited to be the first company to meet the storage-protection needs of both the owners of these popular vehicles and the places where they park them.”
TPP’s property-protection plans are designed to allow self-storage operators to provide tenant goods with coverage against losses from crime, pests and natural disasters, while enabling additional facility revenue.