Laws and Specific Procedures
Varying from state to state, the laws and specific procedures on dealing with delinquent tenants and the proper removal and discarding of the stored goods in the particular unit should be followed precisely in order to avoid any legal ramifications. However, even the most exacting property owner can still be open to a possible loss if any one of the steps required is not followed to the letter of the law. If a client possesses self-storage facilities at various locations or even numerous states, StorInsure can help.
Human Error
Normally, human error is responsible for this type of loss. Transposition of numbers can cause the wrong unit to be auctioned leaving the owner open to a lawsuit from the tenant for their loss of goods. Additionally, if the notice of intent to sell a unit is improperly posted or if, per the state requirements, the delinquency letters are not mailed in a timely manner, the owner/operator is left open to a lawsuit. Encourage clients to guard against human error with sale and disposal liability coverage.
Military Personnel
Since there are special laws that protect military personnel who are actively deployed, certain procedures must be followed. When leasing to someone in the military, be sure to advise the client to include in the lease agreement the military status, active or reserve, in order to avoid a possible breach of the law.
State and National Associations
Encourage clients who are owner or operators of self-storage facilities to join their particular state and national self-storage associations. These groups will help them to understand and stay abreast of changes to any sale and disposal laws that may affect them in the long run.
Defense Cost Coverage
There are times, even when all of the laws and requirements are fulfilled, a tenant will still hire an attorney or file a claim. Sale and disposal liability coverage include defense costs and damages. Attorney fees can add up quickly, but with StorInsure’s sale and disposal liability coverage, these fees will be covered.
StorInsure Can Help
StorInsure has created an exclusive self-storage insurance program that is designed to provide self-storage owners the broadest insurance coverage in the United States. We structured our insurance policies to meet the varied needs from single facility owner/operators to owners or management companies operating in multiple locations and states.
With coverage options from $10,000 to $1,000,000, our aggregate (policy term) limit can meet the needs to protect any size storage facility owner from possible claims. The StorInsure self-storage insurance program offers competitive and comprehensive coverages on a nationwide basis. Contact StorInsure today to begin building a complete and comprehensive policy for your self-storage clients.