Insurance designed for self-storage lot owners

Our self-storage lot insurance can help protect you from the unique risks that come with renting and maintaining self-storage units.

Why self-storage lot owners trust us

If you’re a self-storage facility owner or manager, your customers trust you with their possessions, from valuable documents to family heirlooms. And you need to protect them — and your business — from threats such as fire, water damage, and theft. Our customizable insurance solutions are designed to have your back, so you can protect your business from a wide range of liabilities and risks.

We’re industry experts

We’ve been around a long time — since 1890, in fact. In 1920, our Canadian division was born, and today we’re 100 per cent Canadian owned and operated. We’re proud to be recommended by more than 80 trade associations and buying groups in Canada, putting us in a perfect position to provide specialized knowledge for specific industries.

Insurance designed for self-storage lot owners

With more than 100 years of experience creating custom-built insurance solutions for Canadian businesses, we understand how to help mitigate the risks your business is exposed to on a daily basis. As a self-storage facility owner or manager, you can leverage our industry expertise to get a complete insurance solution for your needs.

At Federated Insurance, we provide:

  • Customized insurance solutions designed for self-storage lot owners
  • Dedicated advisors who work with you directly
  • Expanded coverage options
  • Flexible payment and deductible options
  • Quick, no-hassle renewals

Common claims for self-storage lot owners

A customer renting out space in your facility should have their own insurance policy to protect the contents of their storage unit. But if a customer claims that your negligence caused bodily injury or property damage, then you could be held liable. Self-storage lot insurance helps to protect your business against these types of claims, including:

Property losses

Fire, wind, hail, and other weather-related events can damage your property, impact your customers, and even temporarily shutter your business. Though you have no control over the weather, if heavy rainfall causes water damage inside a customer’s storage unit, they could claim you didn’t make necessary repairs to the roof and sue you for damages.

Crime

Self-storage lots are an attractive target for theft, vandalism, and mischief, especially late at night when the property is deserted. Theft is the second-most common claim after water damage, according to a whitepaper from the Canadian Self Storage Association (CSSA).

Liability losses

Common liability risks include slips, trips, and falls, which can happen on uneven, wet, or icy surfaces on your property. Injuries can also be caused by the roll-up doors on storage units if they’re not properly maintained.

Mechanical failures

If a mechanical failure causes your climate-controlled storage units to heat up or freeze, resulting in damage to some of the contents in your customers’ units, you could be held liable for any resulting damages.