We are excited to announce a brand new product to serve one of the fastest growing sectors in commercial real estate: self-storage. Underwritten by Lloyds of London, this product offers the most comprehensive included insurance coverage form available on the market, customized to meet the unique needs of the self-storage industry with competitive rates.
Key Coverage Overview:
- Blanket Per Location Limits
- Replacement Cost and No Co-Insurance
- Commercial General Liability – up to $2MM per occurrence
- Sale-and-Disposal Liability Available
- Employment Practices Liability Available
- Customer Goods Legal Liability Available
- Pollutant Clean-Up and Removal
- Hired and Non-Owned Auto
- Employees Personal Liability Coverage
- Employee Benefits Liability
- and more!
Self-storage is attractive to investors who want to be more hands-off, avoiding tenants and dealing with less maintenance while still yielding high returns, regardless of the state of the economy. With an estimated 50,000 plus self-storage facilities in the US, the industry is forecasted to continue its rapid growth.
If you have a self-storage facility and want to explore if this coverage is a good fit for you, contact your Client Service Representative or Request a Proposal.