Self-Storage Tenant Protection Plan
Do you want to purchase insurance for your rented self-storage unit? Visit this page to purchase a policy online.
Self-Storage Tenant Protection Plan
A growing number of U.S. self-storage operators – over 40% – offer a tenant protection plan to their customers. MiniCo’s exclusive Self-Storage Tenant Protection Plan is the first and only program of its kind to be distributed via independent agents and offer agent commission.
Target Classes
Self-storage operations with the following characteristics tend to experience high levels of success with MiniCo’s Self-Storage Tenant Protection Plan.- 400 units or more
- Full perimeter fencing
- Rental agreement executed for all tenants
Coverage Highlights
- $0 dollar deductible
- Available coverage limits: $2500 or $5000 per unit
- Coverage includes fire, smoke, burglary, lightning, windstorm, hail, water damage, building collapse, explosion, vandalism, and riot (some exclusions apply)
- Coverage for vehicles stored in a unit
- Coverage for rodent/vermin damage ($500 sublimit)
- Replacement cost coverage
- Excellent claims reputation
- Claims handled by self-storage specialty adjusters
- Underwritten by carriers rated “A” by AM Best
- No Limited Lines License required
- Purchase one Contractual Liability Insurance Policy (CLIP) for Protection Plan
- Pay same premium rate for all units for CLIP
- Tenant executes Addendum to Rental Agreement to participate in program
- Owner waives the release of liability for property damage in rental agreement
- Owner sets pricing, which boosts the facility’s profit potential
- Improve NOI by charging an increase monthly rental fee for tenants participating in program
- Flexible deductible options including $0
- Seamless integration with facility management software
- Dedicated MiniCo support team
- Expert claims handling by MiniCo’s licensed adjusters
- Increase revenue potential by mitigating facility claim activity
- First Tenant Protection Plan distributed via independent agents
- Standard agent commission on the CLIP is 10%
- Self-storage operator pays a fixed premium rate per unit on a monthly basis
- Premium is direct billed and agent commission is paid monthly
- Available as a standalone program, no supporting policies required
- CLIP underwritten by major carriers rated “A” and “A-” by AM Best
For more information, download our flyer:
Key Contacts
Get a Quote
Email: james.appleton@minico.com
Claims can be easily completed and submitted online. For best results, complete forms on a desktop computer, laptop computer, or tablet. Completing forms on a smartphone is NOT recommended.
When you submit a completed form, you will see a “Thank You” page. This page confirms that MiniCo has received your form. From this page, you will have the opportunity to download or email a copy of the completed form.
Email: claim@minico.com
Phone: (800) 528-1056
Fraud Hotline: (855) 875-0775
Fax: (602) 678-3512
After Hours: (855) 861-0876