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Self-Storage Facilities Program

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Self-storage insurance can mitigate the unique and potentially costly risks for facility operators

From building and personal property exposures to the liabilities associated with having customers on site, self-storage businesses are subject to a variety of perils.

The self-storage facilities program offered by Chubb Insurance Solutions Agency, Inc. provides an integrated commercial package with multiline capabilities and convenient billing structure. Backed by dedicated self-storage underwriters, the coverage can be tailored to meet individual client needs. 

All lines product offering

With Chubb’s broad array of commercial insurance products, you can build your client portfolio efficiently from one provider
  •  Building and personal property
  •  Commercial general liability
  •  Business income
  •  Equipment breakdown
  •  Sale and disposal legal liability
  •  Customers' goods legal liability
  •  Umbrella liability (up to $5M)
  •  Employee theft
  •  Hired non-owned auto excess liability (up to $5M)

Limits available

General liability

  • General aggregate — $2,000,000
  • Products/completed operations aggregate — $2,000,000
  • Each occurrence — $1,000,000
  • Personal & advertising Injury — $1,000,000
  • Medical payments imit — $5,000

GL Endorsements

  • Hired non-owned automobile — $1,000,000
  • Customer goods legal liability — $1,000,000
  • Sale & disposal legal liability — $1,000,000
  • Employee benefits liability — $1,000,000

Property

  • Up to $50M TIV (building & BPP)
  • Blanket or agreed value
  • Covered causes of loss — Special
  • Coinsurance — Up to 100%
  • Extended business income for 365 consecutive days

Grow your self-storage client list — share our capabilities

Property enhancements
  • Extension offered for outdoor property including fences, paved surfaces, trees, shrubs, and plants
  • Pollutant cleanup and removal
  • Newly acquired building and personal property
  • Valuable paper and records
  • Computer equipment and electronic data
  • Ordinance or law
  • Employee theft coverage including forgery or alteration
  • Back-up of sewers and drains
General liability enhancements
  • Optional resident manager liability coverage

Packaged solutions for self-storage insurance needs

  • Automatic blanket limit of insurance for select property coverages allows insurance dollars to be used where most needed following a loss
  • Business income automatic extension to 365 days
  • All lines have direct bill with installments and credit card capabilities
  • Admitted policies offered
  • Dedicated, experienced self-storage underwriters
  • Claims handling and risk control expertise

Target classes

  • TIV: $1.5M to $50M
  • Year Built: After 1990
  • Occupancy: 90% or more Self-Storage
  • Construction: Non-Combustible
  • Fire Department Protection: No locations over 5 miles from FD
  • Outdoor Watercraft, RV, Vehicle Storage - less than 20% of Sales
  • CAT Exposures: Low to Moderate exposures only
  • Claims: None; but we can consider up to 2-3 in past 5yrs
  • Commercial Automobile
  • Flood, Earthquake, Landslide, Subsidence, Sinkhole
  • Fungi & Bacteria Coverage
  • Personal Property of Others
  • Workers Compensation
  • Mobile Storage Operators
  • Indoor Vehicle, RV and Boat storage
  • Wine Storage

To apply for self-storage client coverage, submit the supplemental application. Contact Chubb Insurance Solutions Agency with questions.

Email selfstorage@chubb.com