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Heard that Self Storage Unit Insurance might include

Offline bwd111

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Heard that Self Storage Unit Insurance might include
« on: August 31, 2011, 11:00:37 AM »
Like they do on loans,etc to pay for a unit up to a year so you wont loose in an auction. (auction preventaive insurance)if you loose your jobs or what not. I will look for the article. Guess since auction buying is ever so popular now-a-days the insurance companies want a piece of the pie. Maybe as an incentive the storage companys will offer 6-1 year of the insurance to get future tenants business.

Offline jrossjr79

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Re: Heard that Self Storage Unit Insurance might include
« Reply #1 on: August 31, 2011, 11:35:41 AM »
Like they do on loans,etc to pay for a unit up to a year so you wont loose in an auction. (auction preventaive insurance)if you loose your jobs or what not. I will look for the article. Guess since auction buying is ever so popular now-a-days the insurance companies want a piece of the pie. Maybe as an incentive the storage companys will offer 6-1 year of the insurance to get future tenants business.


damn taht could mean a lot less units available, and with everyone knowing about it now, wow. Rat race to a storage auction. Please do post that article or a link to it when you find it.

Re: Heard that Self Storage Unit Insurance might include
« Reply #2 on: August 31, 2011, 11:59:21 AM »
They are just trying to cash in on the popularity and incrase revenue.  If people can't pay for the locker, how are they going to pay for insurance also.

It's like Aflac - if you can hardly pay your insurance and bills now how are you going to pay them the premiums.  Same with the storage units.  It may save a few lockers but don't see it limiting the supply too much.

Re: Heard that Self Storage Unit Insurance might include
« Reply #3 on: August 31, 2011, 01:20:52 PM »
I doubt if it would be a big seller. After all, most people do not place their belongings in a storage unit thinking they might lose them for non payment.

Offline Bandit

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Re: Heard that Self Storage Unit Insurance might include
« Reply #4 on: August 31, 2011, 01:53:14 PM »
I doubt if it would be a big seller. After all, most people do not place their belongings in a storage unit thinking they might lose them for non payment.

  Good point Westgabargins and My thoughts too.

Offline bwd111

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Re: Heard that Self Storage Unit Insurance might include
« Reply #5 on: August 31, 2011, 02:12:01 PM »
I doubt if it would be a big seller. After all, most people do not place their belongings in a storage unit thinking they might lose them for non payment.
Same with loans, people dont ever think they will loose those either, Or get full auto coverage cause they think they will never get in a wreck. Or earthquake,flood insurnace for there homes. Maybe its more to keep them aware of what could happen, use the old fear factor.

Re: Heard that Self Storage Unit Insurance might include
« Reply #6 on: September 01, 2011, 12:50:10 AM »
I doubt if it would be a big seller. After all, most people do not place their belongings in a storage unit thinking they might lose them for non payment.
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