--- title: What is mini-storage insurance, and why do I need it? description: Insurance for mini-storage businesses provide protection against theft, inclement weather, liability, and other possible accidents. --- # What is mini-storage insurance, and why do I need it? ![Mini-Storage Facility](https://webtricity-assets-2.wbtcdn.com/fab11678-4400-4e7b-9d4a-2a2f81685a28/images/upload/istock-483748210-1170x780.w1170.q80.1c1f1410779818a289dda6ccb2a4844f06daeb014e09ffeb78e963ca53c23fde.jpg) * * * ## What is mini-storage insurance, and why do I need it? The self-storage market is expected to reach a value of $49.24 billion by 2024, with an annual growth rate of [134%](https://www.marketwatch.com/press-release/self-storage-market-share-size-2019-global-growth-insight-share-trends-industry-key-players-regional-forecast-to-2024-2019-06-06). The industry is expected to be incredibly lucrative, but it doesn’t come without risk. If you have invested in the self-storage industry, you will want to be sure to protect your financial assets with [mini-storage insurance](/insurance/specialty/mini-storage-insurance). ## Why your business needs mini-storage insurance Tenants of mini-storage units are generally expected to insure the goods that they keep in their self-storage units. As a mini-storage business, most providers like to roll the cost of a basic insurance package into the monthly rent. One reason that your business needs to offer mini-storage insurance is to help your consumers repair or replace any property that gets damaged or destroyed while in storage. Another purpose is to protect yourself from potential hazards that could affect your business. There are many reasons that your business and your tenants need this insurance. Here are a few examples of why providing coverage is a good idea: 1. **Your consumer’s items are sentimental or of high monetary value.** Providing resources and protection for items that are valuable to your tenants is a fundamental business practice for self-storage companies. 2. **Security purposes** Even if you use security features to guard your business, burglaries can still occur in your facility. Having protection against these measures can provide your tenants with the protection they need. 3. **Weather** In the southeastern U.S., inclement weather such as tornadoes and severe thunderstorms can damage property and ruin valuables. ## Types of Insurance to consider Well, now that we understand that mini-storage insurance is useful and indispensable for your business, what kind of insurance do you need to consider? As a self-storage business, your company typically needs a variety of insurance coverage types. Tenant insurance of this nature is undoubtedly excellent insurance, but it's not enough on its own to protect all the potential hazards of a self-storage business. There are a few other specialty [business insurances](/insurance/business) to consider, as well: - **Commercial Property Insurance** Commercial property insurance protects businesses from everyday accidents such as leaks, pests, and fires. Additionally, this insurance can also protect from certain inclement weather risks. - **Liability Insurance** Liability insurance focuses on bodily injury and property damage that occurs on your premises for which you are found negligent. These incidents include accidents on company property that may cause damage to tenant property. This liability incidents also refer to slips and falls that occur on your premises by tenants or authorized vendors. - **Theft and Vandalism Protection** Theft and vandalism coverage protects your business against physical thefts from your tenants' storage units. This protection also covers vandalism to the structures and other property on your premises. - **Temporary Closure Coverage** If your mini-storage facility closes due to an emergency, temporary closure insurance can help cover your expenses and lost income until you return to normal operations. ## Is mini-storage insurance right for you? Overall, pursuing insurance for your mini-storage business is imperative in protecting your assets and your tenants’ property. As you dedicate yourself to helping your customers protect their prized possessions, at Pepper, Johnstone & Company, we are committed to protecting your business. As an [independent insurance agency](/blog/a-lending-tree-approach-to-insurance-why-independent-insurance-agencies-look-out-for-you-better), we take a consultative approach when working with you. We understand that each mini-storage business will have a unique combination of insurance needs. We'll be happy to go over your options and come up with the best possible package that meets your needs. _Pepper, Johnstone & Company is independently owned and locally operated to handle your insurance needs be it commercial insurance, home insurance, or just general insurance. We focus on Athens and offer affordable and reliable insurance choices all_ [_across Alabama, Georgia, Mississippi, North Carolina, South Carolina, Louisiana, and Tennessee_](/about/areas)_. We will help you find the right combination of tailored, personalized insurance coverage at just the right price to fit your needs._ [_Contact us today_](/contact) _to learn more about how we can help you._ ## Insurance Quotes Give us some info and we'll help you find the best coverage options. [Request a Quote](/quotes) ## Insurance Partners [Travelers — The Hartford — Chubb — Progressive — Liberty Mutual — Auto Owners — Safeco — Cincinnati Insurance — Hagerty — Universal Property & Casualty Insurance — American Modern Insurance Group — National General Insurance — Centauri Insurance — Foremost Insurance — Infinity Insurance — RLI — National Security Group — CNA — Frankenmuth Insurance — Philadelphia Insurance — Great American Insurance Group — FCCI Insurance Group — Columbia Insurance Group — Nationwide — Berkley Southeast Insurance Group — Penn National Insurance — Alabama Home Builders Self Insurers Fund — Alabama Self-Insured Worker's Compensation Fund — Alabama Retail — Associated Insurance Administrators — AlaCOMP — The Sheffield Group — John Hancock — Prudential — Old Republic Surety Company — Sun Life — Lincoln Financial — Genworth Life & Annuity Insurance — Symetra — AIG — Transamerica — Equitable — Banner Life — EMC National Life — Mutual of Omaha — MetLife — Unum Insurance — Protective Life — The Standard — Encompass Insurance — Donegal Insurance Group — State Auto — GEICO](/about/insurance-companies) ```json {"@context":"https://schema.org","@type":"WebSite","url":"https://www.pjcoinsurance.com/","name":"Pepper, Johnstone & Company"} ``` ```json {"@context":"https://schema.org","@type":"BlogPosting","mainEntityOfPage":{"@type":"WebPage","@id":"https://www.pjcoinsurance.com/blog/what-is-mini-storage-insurance-and-why-do-i-need-it"},"headline":"What is mini-storage insurance, and why do I need it?","datePublished":"2019-11-05T06:00:00Z","dateModified":"2024-12-02T02:26:31Z","description":"Insurance for mini-storage businesses provide protection against theft, inclement weather, liability, and other possible accidents.","publisher":{"@type":"Organization","name":"Pepper, Johnstone & Company","url":"https://www.pjcoinsurance.com/","logo":{"@type":"ImageObject","url":"https://webtricity-assets-2.wbtcdn.com/fab11678-4400-4e7b-9d4a-2a2f81685a28/images/logo.80d7f691a213f4c005424382960e8608cbeea8e81c4c6b54b3ad47b9b05f80b8.svg"},"sameAs":["https://www.facebook.com/Pepper-Johnstone-Company-164146103606469","https://twitter.com/PepperJohnstone","https://www.linkedin.com/company/pepper-johnstone-&-company","https://www.instagram.com/pjcoinsurance/"]},"image":{"@type":"ImageObject","url":"https://webtricity-assets-2.wbtcdn.com/fab11678-4400-4e7b-9d4a-2a2f81685a28/images/upload/istock-483748210-1170x780.793bbdfb4e78897f526ea5a3ea62a1446cef1fd5506557524017c7325b745e1b.jpg","width":1170,"height":780}} ```