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07/16/2018

Insurance Company Recommendations

TITAN Self Storage, LLC - Robert Allen

Can you please direct me to an Insurance Company that understands the Self Storage Business? I feel like our insurance company doesn't have a clear idea what they are insuring.

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5 Comments

Doug Pierce - Area Mgr. Life Storage on Thursday 07/19/2018 at 02:44PM wrote:

Hi Robert,
Are you referring to tenant/space insurance, or the business general liability insurance for your property?
As far as tenant insurance, our company uses Bob Bader, and have for something like 18 years. They only deal with self storage. So, just specialize in just the one thing.

Let me know if that helps.

Doug

Mary Wiegold on Thursday 07/19/2018 at 03:10PM wrote:

Total agreement with using Bader Insurance for Tenant Insurance options.
Easy to understand their forms and they have tutorials that help.
In the area of General Liability Insurance we are currently using Frankenmuth Insurance provided thru our local insurance agent. We have been pleased with their service and their recommendations to improve our facility. Top notch Company!

Lynn Sykes on Thursday 07/19/2018 at 07:10PM wrote:

For self storage property insurance - I would reach out to Brian Bogdanoff with IOA. They are very knowledgeable regarding self storage and will shop you property across several companies for rate and coverages comparison.

For tenant insurance, my recommendation is StorSmart insurance. We love this company as it is a “first payer” meaning they will not go after a customers home owners policy or renters insurance for a claim- a lot of them do. Also, they personally send a trainer to your location to train all of your managers on how to offer it and will assist in an insurance enrollment campaign to address your existing customers who do not have insurance. If you change managers, they will support additional training for the new staff if you let them know.

Eric Gilbert on Friday 07/27/2018 at 02:46AM wrote:

There are many out there that are truly insurance carriers and those that are other forms of coverage. If your facility is in NC, hurricanes, tornados, flood and vermin coverages are your main exposures. How much referral revenue can you make? Do you want to make your program mandatory or voluntary? All these questions & answers will dictate where you should go, give me a call and we can talk about those influences (919) 559-3596

Alonna Ross on Friday 08/03/2018 at 03:31PM wrote:

Hello Robert, A lot of commercial property insurance companies do not know how a self-storage facility operates and there can be holes in your policy leaving you exposed to various risks. Ponderosa Insurance was created by experts in both Insurance as well as Self-Storage. We are a self-storage specific property and liability insurance company. We would be willing to give you a no obligation, self storage preliminary quote to show you the coverages you should have for your facility to compare to your current provider. Feel free to call me at 866-303-3990.

Disclaimer: The opinions expressed in the comments shown above are those of the individual comment authors and do not reflect the opinions of this organization.