Self Storage Tenant Insurance Program
We understand that the personal property you store in your storage unit is valuable and important to you. However, our storage facility is not responsible for property stored at our facility. That is why our lease requires that each tenant maintains insurance coverage on their stored property.
Some, but not all, homeowners’ and renters’ insurance policies cover property stored in self-storage facilities. You should contact your insurance agent to confirm whether your insurance policy will cover the property you store at our facility, and also ask your agent about applicable policy deductibles and exclusions. Employees of our storage facility are not qualified or authorized to evaluate the adequacy of insurance provided by your homeowner's or renter's policy.
As a convenience, we make available to our tenants a Self Storage Tenant Insurance Program administered by Xercor Insurance Services LLC. This insurance coverage satisfies your lease obligations, and premiums are collected monthly when you pay the rent for your storage unit.
The Self Storage Tenant Insurance Program is underwritten by Old Republic Insurance Company, one of the most reputable carriers in the marketplace. Note that the operator may receive remuneration for its administrative services, such as assisting in enrolling the tenant in the Program and collecting the monthly premium, and that affiliates of some owners or operators of certain facilities enrolled in the Program may own a de minimis (less than 4%) interest in the program administrator, Xercor, and in a reinsurance company that reinsures the risk assumed by the underwriter, Old Republic.
Again, you are not required to purchase insurance through the Xercor Program, but you are required to maintain insurance. Please see below for answers to Frequently Asked Questions about Xercor’s Self Storage Tenant Insurance Program.