Self Storage Insurance Faq's: Your Guide To Protection

ADVANTAGES TO THE FACILITY OWNER:

1. All claim payments are made to the landlord, resulting in the landlord knowing that the damages to the facility, if any, are paid first.

2. The landlord collects insurance payments along with lease payments.

3. Claims are normally paid within 10 business days of reporting.

4. If the landlord has a repair company, repairs can be made generally at a lower cost and to the landlord's satisfaction.

5. Helps the landlord ensure the facility is in good condition.

6. Borrower cannot cancel the certificate of coverage, leaving the landlord uninsured.

7. All storage spaces can be insured under the SPI program, with no chance of any claim being denied coverage.

8. Fixed monthly rate

9. Low deductibles

10. Rate not based on driver’s driving record, age, or credit rating.

11. All premium funds after reinsurance fees are deposited directly into the landlord's reinsurance bank account every month.

Remember that the information provided here is general in nature, and specific details about SPI can vary depending on the landlord, the policy terms, and other factors. We invite you to contact us for more specific details.