As a trusted program administrator, Safehold Special Risk offers a comprehensive Self-Storage Insurance program designed specifically for the unique exposures faced by self-storage facility owners and operators. Working with top-rated carriers, Safehold delivers broad, customizable coverage options, responsive claims handling, and flexible underwriting to help you place your clients’ business efficiently and confidently.
Available nationwide, this program is ideal for agents and brokers looking to insure self-storage operations, including facilities with more complex risk factors such as coastal exposure, resident managers, or construction-related activities.
Ideal Accounts and Appetite
• Self-storage facilities, including single and multi-location operators
• Properties in coastal areas or with unique structural features
• Locations undergoing construction, expansion, or renovations
• Facilities with on-site resident managers or employee exposures
You might have a client operating a multi-facility storage business with locations in both inland and coastal states—this program can accommodate both. Or, you may be working with a facility that employs resident managers and needs coverage for employee-related exposures—Safehold has built-in solutions for those risks, too.
Coverage Highlights and Advantages
The Self-Storage Insurance program from Safehold Special Risk includes:
• Self-storage business owners’ coverage form with special cause of loss
• Blanket building and personal property coverage
• Business income and extra expense protection
• Ordinance or law coverage
• Legal liability for customers’ goods
• Employee theft, hired/non-owned auto liability, and medical expenses
• Optional enhancements including equipment breakdown, hazardous contents removal, resident manager’s liability, and umbrella/excess liability up to $10 million
Additional property endorsements include:
• Accounts receivable, business computers, debris removal – each at $25,000 (with higher limits available)
• Money and securities – $10,000 on premises / $2,000 off premises
• Outdoor signs ($10,000), trees/shrubs/plants ($500 each), valuable papers ($25,000)
Discounts are available for clients who are members of national or state self-storage associations, use protective devices, or operate multiple insured locations.
Underwriting Notes and Minimum Premiums
This program features flexible deductibles starting at $1,000, with options up to $10,000 or more depending on the risk profile. Minimum premiums begin at $1,000 or higher, subject to underwriting.
Coverage is available on an admitted basis in most states, and the program is underwritten by respected, top-rated insurance carriers.
Territories and Availability
Safehold’s Self-Storage Insurance program is available in all 50 states and the District of Columbia, including high-risk areas such as coastal states. Whether your client operates in California, Florida, Texas, or anywhere in between, you’ll have access to a consistent and responsive underwriting team.
Why Work With Safehold Special Risk?
Safehold Special Risk brings deep expertise in niche property and casualty programs and acts as a managing general underwriter for leading carriers. Their focused approach to self-storage risks, combined with responsive service, custom coverage extensions, and nationwide reach, makes them a go-to partner for agents and brokers seeking reliable markets for self-storage risks.
We are happy to discuss our Self-Storage Insurance program further with you and your client. Please feel free to reach out to us with any questions you have.
Frequently Asked Questions
What types of accounts are a good fit for this Self-Storage Insurance program?
This program is ideal for standalone or multi-location self-storage facilities, including those with resident managers, employee exposures, or located in coastal areas.
Is coverage available for properties under construction or renovation?
Yes, the program offers a Business Owners’ Protection (BOP) extension for buildings under construction, including associated materials, equipment, and temporary structures.
Are there optional coverages available?
Yes, optional coverages include hazardous contents removal, resident manager’s liability, equipment breakdown, and umbrella/excess liability up to $10 million.
What is the minimum premium for this program?
Minimum premiums start at $1,000 or higher, depending on the risk characteristics and coverage selections.
Which states is this program available in?
The program is available in all 50 states and the District of Columbia, including areas with coastal exposures.
Need help placing an account? Connect with a market specialist.