When selecting a self-storage facility insurance policy, it's important to work with an experienced insurance agent who can help you determine the appropriate coverage amounts and types of insurance for your specific business needs. Be sure to also review your policy regularly to ensure that your coverage remains adequate as your business grows and changes.
Here are some common types of insurance coverage that are typically included in a self-storage facility insurance policy:
- Property insurance: This type of insurance covers damage or loss to your storage facility caused by events such as fire, theft, vandalism, or severe weather.
- Liability insurance: Liability insurance protects you in the event that a customer is injured on your property, or if you or one of your employees causes damage to someone else's property.
- Business interruption insurance: This type of insurance covers your business in the event that you are forced to temporarily close your storage facility due to an unexpected event such as a fire or natural disaster.