ABCs Of Insurance Exposure Education A self-storage facility that leases containers or storage units for residential purposes also faces unique exposures. They have to cover their electronics, or antiques, which are all things typically excluded on homeowners policies unless scheduled. In addition, although most homeowners cover structures within 1,000 feet of The lessor should require a written confirmation from the homeowner that the coverage is in place units while they reside on their yard or other premises; but at a house, you have an extra duty to leave the premises as it was before you entered. Care must be taken on lawns, around fences, and on the edges of concrete driveways. The objects stored in the personal units present unique exposures themselves. You may have expensive art, the primary residence, this is meant to apply to permanent structures only and claims have been denied by many homeowners policies due to the nature of the temporary situation. The lessor should require a written confirmation from the homeowner that the coverage is in place the lesson the lessor should get a hold harmless signed in his favor on the stored contents and on the unit itself. The other option is to get into a program that offers the coverage to the homeowner at a reduced cost for a set amount and is collected with the lease payment each month. A self-storage facility on permanent premises also presents its own uniqueness to the policy. You may actually have no idea what is stored on your premises in those units, and owners may not even check on their goods for long periods of time. As long as they pay the lease on time, the goods are allowed to remain. At some point, there could be damage that is not discovered for days or weeks. You also have a legal liability not to do anything that would harm the goods in your care, custody, and control. You have an exposure for others entering or breaking into a storage unit and taking items that may not be discovered missing for a while. Furthermore, RENT IT UP! by Tron Jordheim Creating a selling culture Learning the basics of sales Applying sales skills to self-storage Getting inside your mind Featuring tried-and-true methods for attracting more customers to your self-storage facility including: A great resource for anyone who owns, manages or works at a self-storage business. Order your copy today for (plus shipping) 12.95 Use a QR Code reader on your mobile device to access additional content. 800-352-4636 www.minico.com www.ministor a gemessenger.com Mobile Self-Storage Magazine Second Quarter 2010