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We are pleased to offer our customers Tenant Insurance. It's offered as a month-to-month policy with the premium paid along with your rent. Our insurance program, provided by the Ponderosa Insurance Company, is affordable, convenient, and specifically designed for self storage.
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Frequently Asked Questions:
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| Q. Why do I need insurance? |
A. Since we do not know what you
are storing and do not take custody of it (it's your lock and key) we are not liable
for any damage to your property. In other words, our insurance covers damage to
the building and Tenant Insurance covers your belongings.
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| Q. What does this
insurance cover? |
A. It protects you against damage to, or loss of, your property from 32
different causes, including fire, earthquake, and burglary. There are some
qualifications and exclusions. Please make sure to review the policy terms. A
copy of the Certificate of Insurance or Policy is available at your facility's
office.
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| Q. Won't my homeowners
insurance cover my property? |
A. You may opt to use your homeowners or renters insurance, however many of
these policies provide limited coverage for property stored in self-storage
facilities. Please check with your insurance agent to see if it will be in your
best interest to utilize your policy. Additionally, many homeowners and renter
policies have steep deductibles (typically $1000-$3000) that can persuade you
not to file a claim if the unfortunate happens, and many times filing a claim
can raise your monthly premium or worse - cancel your policy all together.
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| Q. What type of property
is eligible for coverage? |
A. Almost any personal or business property you store is eligible for coverage.
Some of the exceptions are items such as accounts, bills, firearms, currency,
deeds, evidences of debt, securities, money, notes, animals, jewelry, watches,
motor vehicles, precious or semi-precious stones, furs and garments trimmed in
fur.
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| Q. Is flooding covered? |
A. As with regular home owner’s policies, damage from flood or rising water is
not covered. Flood insurance is available from the Federal Government.
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| Q. When does my coverage
start? |
A. Coverage starts when you complete and sign the Enrolment Form and pay your
first month's premium. Your property is also covered while in transit to, and
within 100 miles of the storage facility.
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| Q. When will my insurance
expire? |
A. This is a pay-as-you-go, monthly renewable policy. Your coverage continues as
long as you pay your monthly rental rate and insurance premium. You may
terminate your lease at any time.
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Please feel free to contact the store office for more information on
Tenant Insurance |