Self-Storage Facility Insurance

Libertas Insurance provides insurance to self-storage facilities , and surrounding areas.

As is the case with most businesses, self-storage facilities are subject damage, theft, and the liability that comes owning/renting a space. As the owner of a self-storage facility, you want to make sure you’re protected. Libertas Insurance will work with you to create an insurance package that will provide you with the protection you desire.

Here are some of the coverage options we offer to owners of self-storage facilities:

Business Property:
Covers the facility’s buildings, personal property, and other structures against damage from various perils like fire, wind, and vandalism.

Business Income:
Protects against loss of income resulting from covered property damage.

General Liability:
Covers bodily injury and property damage to others that occurs on the premises, including premises liability, products liability, and completed operations.

Customer Goods Legal Liability:
Protects the facility owner from legal claims arising from damage, loss, or theft of customer’s goods stored at the facility.

Sale and Disposal Liability:
Protects against legal claims arising from the sale, removal, or disposal of customer property due to unpaid rent or abandonment.

Cyber Insurance:
Safeguards the facility from costs associated with cyberattacks, data breaches, and other cyber-related incidents.

Tenant Insurance:
While not a facility requirement, some facilities offer or require tenant insurance to cover customer belongings.

Additional Considerations

Flood Insurance: May be necessary for facilities in flood-prone areas.

Workers’ Compensation: Required if the facility has employees.

Employment Practices Liability: Covers claims related to employment practices, such as wrongful termination.

Umbrella Liability: Provides additional liability coverage beyond the limits of other liability policies.

Self-storage facilities have unique risks that require specialized insurance coverage. For example, customer goods legal liability is crucial for protecting against claims related to damage or loss of stored items. Similarly, sale and disposal liability protects the facility from legal issues that may arise from selling or disposing of abandoned property.

It’s essential to work with an insurance agent experienced in the self-storage industry to ensure the facility is adequately protected with the right coverages and limits.

Contact an insurance specialist at Libertas Insurance to find a plan that’s right for you.