Self-Storage Talk - View Single Post - Interior Storage versus Drive-Up

Randyt · #6 (**permalink**) 02-15-2008, 09:29 AM

Hi Jafski,

I suggest getting your insurance professional involved as soon as possible. In the self-storage insurance business, you are talking about a "conversion" - a building that was created for another purpose and is being converted to self-storage. Conversions will require more underwriting information from you. Your insurance provider will want to know everything - from the general contractor that is doing the work, his insurance, the updates on sprinkler systems, roof, electrical and HVAC. Will your GC insure it while under construction? Be prepared to go through a more lengthy evaluation on insurance - and potential higher insurance costs. Try to minimize this by getting your insurance person in at the ground level. The project sounds exciting - look forward to hearing more!