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.

Property Coverage Highlights

The Travelers' Deluxe III property policy form offers numerous coverage enhancements including:

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

Property Coverage Enhancements*

Newly Acquired or Constructed Property  
    Each Building  $2,000,000
    Each Location for Business Personal Property  $1,000,000
Debris Removal $250,000
Pollutant Cleanup & Removal $100,000
Fire Department Service Charge Policy Limit Policy Limit
Ordinance or Law $250,000
Fire Protection Equipment Discharge Policy Limit Policy Limit
Personal Effects $25,000
Valuable Papers & Records $25,000
Claim Data $25,000
Outdoor Property  $25,000
Accounts Receivable  $25,000
Fine Arts  $50,000
Personal Property at other Premises  $10,000
Personal Property in Transit  $10,000
Extra Expense  $10,000
Employee Dishonesty  $25,000
Electronic Data Processing $20,000
Money & Securities  $10,000
Forgery or Alteration  $10,000

* Higher limits are available for most items above.

General Liability and Customers' Goods Legal 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
Fire Damage Limit $100,000
Customers' Goods Legal Liability-Available limits $25,000 to $1 million  

Optional Storage Business Insurance Coverages

  • Sale & Disposal Liability--Available limits: $25,000 to $1 million
  • Hired and non-owned auto
  • Umbrella Liability (up to $25 million limit)
  • Workers' compensation
  • Resident managers' personal Liability
  • Employee benefit liability
  • Systems breakdown
  • Inland Marine

StorageFirst typically does not offer owned auto coverage. 

page divider bar