St-Hubert Mini Storage For Owners and Customers

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Self storage insurance is a very important issue, both for the owner and the client. According to statistics, 73 percent of the storing facility owners do not offer insurance option to their tenants. Many operators are under the mistaken belief that not offering insurance saves them a lot of trouble. However, the truth is that by offering insurance they not only avoid trouble but also maintain good customer relations.

Saves Trouble

It is true that the goods storing facility operators have only limited liability for loss or damage to tenant stored property, so St-Hubert mini storage facility owners and the like, figure that they do not need to offer self storage insurance to their tenants. Moreover, many states have laws that allow operators to include a provision in their rental agreements that completely eliminate their legal liability for negligently causing damage to tenant stored property.

The fact is that laws work well on paper but in reality they are often challenged by the tenants. This is simply because the agreement conflicts with tenants interests. And in the event damage is caused, the tenant will definitely take you to court.

When you provide insurance to your tenants, you reduce the risk of being sued. Since the tenant would be compensated for in the event of loss or damage of property, he or she will be reluctant to sue you. Looking from this point of view, one can clearly see that self storage insurance does save a lot of headache.

Different Ways To Offer Insurance

Storing facility operators do not really have an excuse not to offer insurance because there are so many ways they can provide insurance to their tenants. The simplest way to offer it is by providing the customer with a brochure that allows them to buy insurance by mailing in the application.

Storing operators can also refer their clients to sites that offer insurance. This is a hassle free way of buying insurance.

Still another way of offering self storage insurance is through a pay-with-rent program. This allows the client to buy the insurance and pay for it along with their monthly rent. The operator has to collect the premiums and deposit them on behalf of their tenants. Operators can take the help of storing facility management software program to manage the payment of insurance of their clients.

This option is hugely popular with storing facility customers. This option is also beneficial for the operators because they receive commission from insurance providers. However, before offering this option you need to make sure that you check your state laws to find out whether you require an insurance license or not.

There is still another way of offering self storage insurance to customers. Storing facility operators can agree to retain or accept some responsibility in the event of loss or damage to tenant property. In other words, the operator will have to pay limited compensation in the event of loss or damage to property. This also means that the operator will raise the rent in return for accepting financial responsibility.

Customers Can Buy It Themselves

These are some of the options available to operators for providing insurance to their customers. As mentioned earlier, insurance should be taken seriously by both the operators and their customers. If the facility operator is not offering self storage insurance , this does not mean that the customer should not buy one.

Customers can contact their home insurers to see if they offer insurance for goods stored at a warehouse storing facility. If not, then they can always surf the net to find insurance providers for self storing facilities.

It is important to remember that the goods you have stored in the facility have financial or emotional value or both. No matter how secured the facility is, it is best to have insurance.

If you like this entry, take a look at Regina Storage To Insure Your Property

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Disclamer: This entry is intended to promote our partner StorageMart and some or all participants received compensation.