Help Protect Your Self Storage Facility Clients From Environmental Claims

The self storage industry has been one of the fastest-growing Tadacip sectors of the United States commercial real estate industry in the last 30 years. There are now over 52,000 primary self storage facilities in the country, and in 2008 the industry had total sales in excess of $20 billion.* Self storage companies all Brand Levitra over the country are acquiring new customers as people relocate and sell their homes due to the economy. Additionally, as of 2009, more than 700,000 self storage units nationwide are rented to military personnel who are serving away from their homes.

The rapid growth has forced self storage owners and managers to protect their premises from the increased activity that these sites have experienced. One of the main ways they can do this is by having a solid pollution liability insurance policy to cover themselves against potential problems that could occur from environmental exposures.

Self storage owners and managers should consider securing a Site Specific Pollution Liability policy, which will provide coverage for supervised and unsupervised self storage facilities throughout the U.S. Coverage can include: third party liability for bodily injury and property damage claims, first party cleanup costs, and defense costs; Transportation Pollution Liability coverage for waste hauled by the insured or contracted carriers; off-site coverage for non-owned waste disposal sites; automatic Extended Reporting Period (ERP) with optional ERP of up to three years; and an optional Mold enhancement.

Claims caused by a pollution ACH Routing Number BANK OF AMERICA

andoned, potentially hazardous materials, as well as mold.

What Potential Exposures Does a Self Storage Facility Have?

Leave a Reply