Self-Storage Facilities Program

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

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

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.