- 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
PROGRAM OVERVIEW
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
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
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 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
KEY BENEFITS
KEY BENEFITS
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
TARGET CLASSES
- 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
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