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Protect your tenants,
earn more revenue

WORLD SELF STORAGE PROTECTION PLAN

Looking for a competitive advantage while generating additional revenue? 

Now you can give your tenants peace of mind with affordable protection for their stored goods. It’s easy to implement and it generates additional revenue while increasing your asset value.

Calculate your
additional income

Learn how much the World Self Storage Protection Plan could add to your bottom line.

Per Month


Per Year

WHAT IS THE WORLD SELF STORAGE PROTECTION PLAN?

The World Self Storage Protection Plan Is A Tenant Protection Plan—not Insurance. It Is A Contractual Agreement Between The Storage Facility And The Tenant, With The Facility Assuming Limited Responsibility For The Tenant’s Belongings Stored In A Locked Unit. Offering Tenant Protection Has Many Advantages For The Facility Owner.

FACILITY OWNER BENEFITS

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HIGH PROFIT MARGINS

Plans are inexpensive for owners and tenants and provide the operator with strong profits while increasing asset value.

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FAST IMPLEMENTATION

Protection plans are offered as an addendum to the renter’s lease agreement. It is not a separate insurance policy.

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FLEXIBLE STRUCTURE

The operator chooses the monthly pricing and sets the plan limits.

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EASY MANAGEMENT

Fees are collected with monthly rent and claims are handled by licensed adjusters.

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HOW DOES IT WORK?

The facility owner offers this protection program to tenants via an addendum to the rental agreement at a monthly rate the owner determines. The tenant simply signs the addendum and pays the monthly fee with their rent.

 

Sample Revenue Table

Coverage Amount Net Profit Coverage Units Monthly Revenue
$2,000 $8 100 $800
$3,000 $13 100 $1,300
$4,000 $18 100 $1,800
*Based on average site of 425 units at 70% penetration rate.


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WHAT IS—AND ISN’T—COVERED?

WHAT TYPE OF PERILS ARE COVERED?

  • Theft due to forcible entry
  • Fire, smoke, lightning, or explosion
  • Water damage (roof leaks or pipes)
  • Moth, insect, rodent, or vermin damage ($500 limit)
  • Windstorms

WHAT ITEMS ARE NOT COVERED?

  • Collectibles, cash, jewelry, antiques, works of art, fine rugs, and furs
  • Cars, boats, RVs, items stored outside
  • Firearms
  • Items listed in the Addendum

WHAT PERILS ARE NOT COVERED?

  • Flood damage and mold 
  • Items while being moved in or out
  • Items due to improperly packed unit
  • Mysterious disappearance of items
The Storage Protection Addendum outlines the liability limits and a full list of covered and exempt property items.
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HOW ARE CLAIMS PROCESSED?

The World Self Storage Protection Plan claims process is simple and handled directly by your tenants. In the event of a claim, the tenant completes an incident report and contacts the World Self Storage Protection Plan claims department directly at 888-899-7711.
In the event of theft, a police report needs to be filed as well.

INCREASE REVENUE WHILE PROVIDING YOUR TENANTS WITH ADDED PROTECTION

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(888) 848-8833