Self-Storage Talk - View Single Post

Randyt · #4 (**permalink**) 03-06-2008, 10:59 AM

Hi Colleen,

Here are some ideas and methods being used by other facilities that have successfully implemented the protection plan:

1. A homeowners policy might pay, but your tenant will certainly have a deductible. The Protection Plan has no deductible.
2. Things do happen, like a bldg collapse, fire because of stuff stored in a unit or a tenant smoking, or a vehicle crashing into the building. Even the safest facility can suffer a loss that is "fortuitous". These are just some of the types of losses that occur - that tenants often don't think about.
3. You could suggest that the tenant buy the protection plan as "deductible coverage" if they think the renters/HO policy will respond.
4. You might point out the lease requires the tenant to have insurance on their goods and the Protection Plan satisfies this requirement.

Hope this helps. The Protection Plan seems to be growing in popularity across the country.

Best to you,
Randy