Self-storage facility insurance coverage you need
Self-storage facility insurance is a must-have whether you own a local self-storage facility or operate a large national self-storage chain. StorageGuard, our self-storage facility insurance product, offers the broadest coverages that meet the unique needs of the self-storage industry.
Submit your self-storage facility information using our online proposal request, and receive a custom proposal. An agent will contact you to go over your insurance options and help you choose the best coverage for your business.
Start a proposal request to get your custom self-storage facility insurance solutions today!
What does self-storage
facility insurance cover?
Dwelling coverage can protect your self-storage facility against direct physical damage to the property, such as:
- Fire
- Lightning
- Windstorm and Hail
- Vandalism
- Theft and more
Liability insurance for
self-storage facilities
Liability coverage is needed to help protect you from claims that happen at your self-storage facility. Examples include:
- If someone were to slip and fall at your self-storage facility
- If your storage tenant sustains medical injuries at your facility
- Defense costs if someone is injured at your facility are included
Commercial General Liability coverage is included with up to $2 million per occurrence limit of liability.
Additional coverages include
StorageGuard offers the broadest coverages that meet the unique needs of self-storage facility owners. Additional included coverages are:
- Fine arts coverage
- Valuable paper and records
- Accounts receivable coverage
- Computer coverage
- Limited pollutant removal coverage
- Ordinance or Law
- Employee dishonesty sublimit
- Customer’s goods legal liability sublimit
- Sales and disposal liability sublimit
- Hired & Non-owned auto sublimit
How much self-storage facility insurance coverage do I need?
The amount of coverage should be in line with your lending requirements and is based on a valuation per square foot. Replacement Cost for self-storage facilities is available at a much lower valuation per square foot than other commercial property policies. After you request a proposal, an agent will discuss with you how much coverage you need, as everyone’s situation is different.
How much does self-storage facility insurance cost?
Insurance cost for self-storage facilities is largely driven by your liability exposure. Additional factors affecting cost include how much coverage you carry, deductible, and location of the facility. After you request a proposal an agent will contact you to discuss your coverage options.
Why should I choose StorageGuard for my self-storage facility?
In addition to offering the broadest included coverages in the industry, StorageGuard offers a blanket limit of coverage for the entire facility, rather than a per building limit of coverage in the event of a loss.
Need to speak to an agent?
Our StorageGuard program is serviced through our partners at Sandstone Insurance. If you would like to discuss your specific location, please request an insurance proposal and a Sandstone agent will contact you shortly. Or you can call 469-708-0011.