What Needs to Be Included in Coverage
Offering clients coverage with a blanket limit ensures that the policy written covers all of their property. It is beneficial to the client as it can be applied as needed and doesn’t limit particular structures to a set value. Some examples included under a blanket policy would include:
- Equipment that is installed permanently such as lighting, keypads, security cameras, etc.
- Furniture or business property located in a resident managers apartment.
- Business property owned that maintains or services the facility such as lawn equipment, golf carts, or any other items used for property maintenance.
- Replacement of any glass windows or doors on property.
- Any gates or fences in and around the property.
- Signs, both attached and unattached.
- Buildings currently under construction and temporary structures within 1000 feet of the premises, including materials, equipment, supplies, and other items used during the course of construction have up to a $1 million coverage option.
- Office equipment such as monitors, computers, furniture, computers, printers, filing cabinets, items kept in office storage such as locks, packing materials, etc.
Business Income Coverage
When a catastrophe happens, not only can the physical structure be damaged, but there can also be a loss of business income. Included in the policy should be 15 months of Actual Loss Sustained coverage for between 18 to 24 months. This is typically how long it will take to recover from a loss at the facility while repairs to the damaged property are being undertaken and completed.
Additional Coverage Options
Some other coverage options to include are often items that clients don’t think about until it’s too late. Be ahead of the game and introduce your clients to coverage options that include:
- Employee dishonesty coverage
- Employee property coverage
- Valuable papers and records coverage
- Accounts receivable coverage
- Minicomputer coverage
- Pollutant cleanup and removal coverage
How StorInsure Can Help You Meet Your Clients’ Needs
StorInsure offers coverages for owners of storage facilities that include all of the mentioned items. Help your client find the exact coverage needed for their storage facility. Contact today and discuss our numerous self-storage liability insurance policy options with one of our experienced, trusted agents.
As an exclusive self-storage insurance program, StorInsure designs policies intended to provide the broadest insurance coverage for Self-storage owners across the U.S. We meet the needs of all types of self-storage businesses from management companies with multiple locations across multiple states to a single facility owner/operator.
When building the perfect policy for your clients, be sure to include the most competitive and comprehensive property coverage options across the nations with StorInsure.