The Importance of Self-Storage Facility Insurance: Some Horror Stories
Lest anyone doubt the absolutely essential nature of self-storage facility insurance, consider a few horror stories. An estimated 10% of U.S. households pay for self-storage. Human history contains many astonishing, almost surreal events. Self-storage facility owners through the nature of their business sometimes encounter unexpected circumstances beyond their control. We’ve researched three examples which clearly demonstrate why a StorInsure policy should deserve a high place on the priority list of modern self-storage facility owners and managers from a liability standpoint:
One: Preparing For a Spectacular Fourth of July
Early in June, 2016, law enforcement officers in Buffalo, New York averted a potential tragedy when they raided a self-storage facility after receiving an anonymous tip. Apparently, an ambitious fireworks seller opted to market his wares out of a rented self-storage unit instead of obtaining a more conventional fireworks stand. The vendor (who broke the facility’s rules) had stockpiled roughly $75,000 worth of explosive materials. Fortunately, nothing ignited the contents.
Two: Covert Campgrounds
Approximately 610,000 Americans lack housing today. Homeless families sometimes secretly occupy self-storage units. An estimated 7% of the homeless use this survival strategy in some locations.
Three: My Tenant Stored The Lab Results…Where?
In 2012, CNN carried a news item about a self-storage unit auction winner in Pensacola who made a startling discovery. When the bidder began opening the stored contents, it soon became apparent the unit included labeled (and unlabeled) lab samples and body parts from more than 100 individuals. A few of the containers leaked formaldehyde. The investigation revealed a pathologist/associate medical examiner has opted to keep some autopsy lab samples from funeral homes at the facility instead of in a morgue.
Unexpected events occur at every workplace. Consider obtaining StorInsure self-storage facility insurance. This coverage helps protect insured business against many unforeseen business hazards.
