What is Off Course and Storage Program?
The Off Course and Storage Program is a specialized insurance solution designed to protect property and equipment that is stored off-site or not in active use. This type of coverage is particularly valuable for businesses or organizations that operate seasonally, maintain spare equipment, or store inventory away from their primary location. It provides protection against risks such as theft, fire, vandalism, and certain weather-related damage that may occur while the property is in storage or transit.
Who needs it
This coverage is ideal for a range of businesses and organizations, including contractors, equipment rental companies, sports clubs, and retailers with seasonal inventory. Operators who store valuable equipment at warehouses, leased storage units, or temporary off-site locations can benefit from the additional layer of protection. It's also useful for businesses with commercial auto exposure where vehicles are stored for extended periods.
What it typically covers
The Off Course and Storage Program generally includes:
- Protection for equipment and inventory stored off-site
- Coverage during transportation between locations
- Property coverage for weather-related incidents, theft, or vandalism
- Limited liability coverage for storage-related risks
For example, a landscaping contractor storing mowers and tools in a rented facility over the winter would be protected against potential property damage from a fire or break-in.
Common exclusions or limitations
Like all insurance programs, Off Course and Storage coverage has exclusions. Common limitations may include:
- Normal wear and tear or mechanical breakdown
- Unsecured or improperly stored property
- Flood or earthquake damage (unless specifically added)
Be sure to review exclusions closely, especially if your property is stored in high-risk areas or includes specialized equipment.
Factors that influence cost
Several underwriting factors can affect the premium for an Off Course and Storage Program. These include:
- Value and type of property being stored
- Location and security of the storage facility
- Length of time the property will be stored
- Transportation risks if property is moved between sites
Risk management considerations, such as using climate-controlled units or enhanced security, may help reduce overall exposure and cost.
Proof of insurance & compliance
Having valid proof of Off Course and Storage coverage may be required by landlords, lenders, or clients who depend on your equipment being protected. A certificate of insurance can provide documentation that your assets are covered even when not in active operation.
How to get a quote
To ensure you have the right protection in place, it's best to discuss with an agent who understands your storage and operational needs. They can help you evaluate coverage options and tailor a policy that aligns with your risk profile.
For related programs, you may also want to explore the Insurance for Storage Facilities or Storage Tank Liability Insurance options for broader protection. In addition, if you're managing boat-related assets, the On Land Boat Storage Insurance program may be relevant.
Frequently Asked Questions
What types of property can be insured under this program?
Most physical assets such as tools, equipment, inventory, and machinery can be covered, provided they are stored securely and not in active use.
Is my property covered while it's being transported?
Yes, many policies extend limited coverage during transit, though this may depend on the type of property and transportation method.
Does this cover damage from natural disasters?
Standard policies may not cover flood or earthquake damage unless specific endorsements are added. Check with your provider for details.
Can I combine this with other commercial insurance policies?
Yes, Off Course and Storage coverage is often bundled with broader commercial property or inland marine policies for comprehensive protection.
Do I need this if I already have general property insurance?
General property insurance may not cover assets stored off-site, so this program fills that gap for better risk protection.
Still have questions? Talk to a local insurance expert.