Industry
Self-Storage Insurance
Self-storage facility insurance addresses the exposures of a business that earns revenue by storing other people's property. The primary property exposure is the facility itself — buildings, security systems, and fencing. But the more distinctive exposure is tenant property liability: your legal obl…
Key Coverages for Self-Storage Businesses
- Building coverage at replacement cost for all structures
- Tenant property legal liability for damage to stored property
- General liability for premises injuries in common areas
- Business income and extra expense
- Crime coverage for employee theft and burglary
- Cyber liability for keypad access and online reservation systems
Frequently Asked Questions
Am I liable if a tenant's stored property is damaged?
Your rental agreement limits liability to a specified amount, but tenants can still sue and you'll incur defense costs regardless. Tenant property legal liability defends these claims and pays within the contractual limit. Even a case you win can cos…
Does standard commercial property cover a storage facility?
Standard property covers your buildings and owned contents but not your legal liability for tenants' stored property. Self-storage specialty programs add this critical coverage component.