Self Storage Business Insurance Coverage

StorageFirst is one of the most comprehensive property and liability programs for self-storage business, mobile self-storage and records storage operators. The following is an overview of the self storage business insurance coverage offered. This is only a summary of coverage and is subject to policy conditions, limitations and exclusions that may vary from state to state.

Note:  Document/Records storage accounts are only eligible if part of a traditional self-storage operation.

Property Coverage Highlights

The NOVA Casualty Company property policy form offers numerous coverage enhancements including:

  • Replacement cost coverage on buildings and your self storage business personal property.
  • Blanket limits for buildings, business personal property and business income.
  • Agreed value. No coinsurance.
  • Fencing and gates included under the definition of building.
  • Business income with Extra Expense.  (Reimburses the insured for loss of income during the construction period)
  • Extended business income.  (Reimburses the insured for loss of income for up to 180 days after reconstruction during the rent up period)

Property Coverage Enhancements*

Newly Acquired or Constructed Property  
    Each Building  $1,000,000
    Each Location for Business Personal Property  $500,000
Debris Removal (additional)
Pollutant Cleanup & Removal $100,000
Fire Department Service Charge Policy Limit $50,000
Ordinance or Law
   Coverage A - Included in the building limit
   Coverage B & C - Combined Limit
Personal Effects $25,000
Valuable Papers & Records (other than electronic data)
   At all described premises
   In transit or at all undescribed premises
Loss Data Preparation Costs
Outdoor Property  $25,000
Accounts Receivable  $25,000
   At all described premises
   In transit or at all undescribed premises
Fine Arts  $10,000
Personal Property at other Premises  $25,000
Personal Property in Transit  $25,000
Extra Expense  $25,000
Employee Theft $50,000
Electronic Data
Money & Securities  $25,000
Money Orders & Counterfeit Paper Currency
Forgery or Alteration  $25,000
Outdoor Signs
   At or within 1,000 feet of described premises
   Undescribed premises
Lost Key Consequential Loss
Appurtenant Buildings & Structures
Sewers and Drains - Backup - up to

* Higher limits are available for most items above.

Commercial General Liability

General Aggregate Limit $2,000,000
Products-Completed Operations Aggregate Limit $2,000,000
Personal & Advertising Injury Limit  $1,000,000
Each Occurrence Limit  $1,000,000
Damage to Premises Rented to You Limit (any one premise)
Medical Expense Limit (any one person)

Customers' Goods Legal Liability

  • Available Limits - $50,000 to $1 Million per occurrence & Aggregate
  • No Mold Exclusion
  • Duty to Defend
  • No Deductible for traditional self-storage accounts (Mobile self-storage and Records/Document storage accounts will have a $1,000 per occurrence deductible)

Sale & Disposal Legal Liability

  • Available Limits - $50,000 to $1 Million per Claim & Aggregate
  • Duty to Defend
  • $1,000 Deductible per Claim

Optional Coverage Lines

  • Hired and Non-Owned Auto.  The lmiit is included in the GL limit.  (This coverage is only offered when the named insured does not have an owned auto policy)
  • Umbrella Liability (up to $5 Million; however higher limits may be available upon request)
  • Workers' Compensation - Not available in all states.  See WC section.
  • Resident Manager's Personal Liability (Can be included as an endorsement to the GL policy - $100 minimum premium)
  • Employee Benefit Liability (Claims-made form)
  • Equipment Breakdown (Can be included as an endorsement to the property policy form)
  • Inland Marine

StorageFirst does not offer owned auto coverage. 


All products, except Workers’ Compensation, are underwritten by NOVA Casualty Company, part of AIX Group and a member of The Hanover Insurance Group. Coverage may not be available in all jurisdictions and is subject to the company underwriting guidelines and the issued policy. This material is provided for informational purposes only and does not provide any coverage.

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