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Amwins Program Underwriters launches self-storage facilities insurance program
The new coverage is backed by an A.M. Best “A” carrier and includes limits up to $1 million for customers’ goods legal liability and sale and disposal legal liability.
Amwins Program Underwriters (APU) has launched a new Self-Storage Facilities insurance program aimed at self-storage business owners and operators. The offering is designed to provide industry-specific protection across property and liability lines.
Coverage includes property, general liability, excess liability, crime, equipment breakdown, non-owned and hired auto, and inland marine, plus customers’ goods legal liability and sale and disposal legal liability each up to $1 million. A program also includes mobile equipment coverage, a property enhancement endorsement, and resident manager liability available upon request.
The program is backed by an A.M. Best “A” (Excellent) rated carrier and is available on both an admitted and non-admitted basis. Admitted coverage is offered in 19 states, while non-admitted availability is listed for Florida, Georgia, and New York.
Amwins said the launch reflects a growing asset class with rising exposure, including property damage and vandalism, theft, and sale and disposal liability, as well as construction-related risk. It noted that institutional ownership has increased in recent decades, with publicly traded REITs estimated to hold about 45% of US self-storage space, and it cited recent regulatory impacts in Los Angeles and tenant insurance growth trends for operators such as Extra Space.