Specialty Insurance Programs for the Self-Storage Industry

Key Coverages


MiniCo, Inc. provides specialty insurance programs to address the unique exposures of the self-storage industry:

Customers Goods Legal Liability
Coverage against loss or damage to customers’personal property for which the insured may
become legally liable, including property stored in the open. Also includes defense against
allegations.

Sale and Disposal Liability
Coverage for claims against the insured for negligent acts arising from the lockout, sale,
removal or disposal of customers’ property when reclaiming rented space for which rental
or other charges are delinquent or unpaid. Also includes defense against allegations.

Business Property
Replacement cost coverage on buildings and business personal property. Covers direct risk
of physical loss, no co-insurance. Multi-location discount available.

Business Income
Coverage for a full 15 months of business income and extra expenses incurred, with up to 180 days of payment following reconstruction while storage spaces are being re-rented. Conventional coverage ends upon reconstruction of the buildings.

Employment Practices Liability
Coverage for claims against the insured forwrongful employment practices. Includes
defense against allegations.

Comprehensive Business Liability
Coverage on an occurrence basis including premises and operations, products, personal injury, advertising injury, medical payments, hired and non-owned automobile liability, plus other coverage.

Course of Construction
Comprehensive coverage for buildings, personal property, equipment and fences during construction. Also includes theft of building materials at job sites.

Limited Pollutant Removal
Pays for costs to remove pollutants from or detoxify a storage unit when required by statutory authority. Coverage is afforded to all the spaces at the covered facility, not just to units that are rented after the date of coverage.

Employee Resident Manager's Personal Liability
Personal liability coverage for resident managers.

Employee Dishonesty
Covers loss of money and other business personal property belonging to the insured by dishonest or fraudulent acts of the insured’s employees.

This is only a summary of coverage and is subject to policy conditions, limitations and exclusions that may vary from state to state. Please read the policy for specific terms and conditions.


Coverage Enhancements

Accounts Receivable Coverage $25,000
included at no charge. This may be increased
from $25,000 up to $250,000.

Employee’s Property Coverage has been
increased from $5,000 to $10,000 at no additional
cost. The limit may be increased to $15,000 for
additional premium.

Fine Arts Coverage $10,000 included at no
charge. This may be increased from $10,000 up
to $250,000.

Valuable Papers and Records Coverage
$25,000 included at no charge. This may be
increased from $25,000 up to $250,000.

Additional Media and Data Coverage
$10,000 included at no charge. This may be
increased from $10,000 up to $250,000.

Identity Recovery Coverage is now
included. This is a new coverage which provides
case management service and expense
reimbursement coverage if certain requirements
are met.

Fire Department Service Charge is now
actual loss sustained in lieu of a $5,000 limit.


Rate Reductions for customers goods legal
liability and sale and disposal liability for $50,000
limits and higher.


With these new options added to the existing coverage available, self-storage owners have the fl exibility to tailor a policy to meet their individual business needs. In addition, MiniCo now offers a general liability only product, MiniPak Silver. For those selfstorage businesses not eligible for the MiniPak Gold program, MiniPak Silver provides coverage for general liability, including some incidental non-storage operations, as well as access to our specialty coverages such as:


• Customers goods legal liability
• Sale and disposal liability
• Employee’s personal liability
• Employment practices liability

As the leading provider of specialty insurance
for the self-storage industry for over 33 years,
MiniCo offers the highest level of customer service,
insurance knowledge, and self-storage industry
expertise available from any insurance provider.

With these new options added to the existing coverage available, self-storage owners have the flexibility to tailor a policy to meet their individual business needs.
> Accounts Receivable Coverage
> Employee’s Property Coverage
> Fine Arts Coverage
> Valuable Papers and Records Coverage
> Additional Media and Data Coverage
> Identity Recovery Coverage
> Fire Department Service Charge
> Rate Reductions

MiniCo now offers a general liability only product, MiniPak Silver. For those self-storage businesses not eligible for the MiniPak Gold program, which includes property coverages, MiniPak Silver provides coverage for general liability, including some incidental non-storage operations, as well as access to our specialty coverages such as:
> Customers Goods Legal Liability
> Sale and Disposal Liability
> Employee’s Personal Liability
> Employment Practices Liability
As the leading provider of specialty insurance for the self-storage industry for over 33 years, MiniCo offers the highest level of customer service, insurance knowledge, and self-storage industry expertise available from any insurance provider.

Please call Mike at Branch-Hernandez & Associates Insurance Services at 702-648-6887 to discuss your storage insurance needs. You can also visit the website at www.bhains.com