Commercial Package

Self Storage

Submit a risk Program Guide
What we write

Facilities that Fit.

In appetite
Out of appetite
Geography
  • Urban or suburban with high quality fire protection class
  • States with a low propensity for CAT tropical storm or wildfire loss
  • High CAT zones
  • Louisiana, Hawaii, and Alaska
  • Facilities without access to a servicing fire department or hydrant
Construction
  • Quality, code-compliant new or converted facilities
  • Newer or replaced roofs (20 years or under)
  • Pre-1985 builds without updates
  • Roofs 20+ years old (on a replacement cost basis)
Operations
  • Standard or converted Self Storage facilities
  • Mixed use (primarily storage)
  • Boat & RV storage
  • Established operators with multiple years of experience
  • Hazardous contents — flammables, ammunition, chemicals
  • Cannabis storage, regardless of state legality
  • Significant non-storage operations
  • Portable or mobile storage
Loss history
  • 3+ years favorable
  • Low claims frequency reflective of quality risk management
  • New builds with no loss history
  • Pattern losses
Key coverages

Our Self Storage Product

Full policy form and endorsement schedule available on request to appointed brokers.

Core coverages
Building & Business Personal Property Up to $25,000,000
Replacement Cost on a special form basis. Agreed Value available in certain scenarios.
Business Income & Extra Expense Per location Actual Loss Sustained
Actual loss sustained form, 12-month standard.
Commercial General Liability Each occurrence Up to $2,000,000
Premises and operations liability coverage.
Sale & Disposal Legal Liability Per occurrence Up to $1,000,000
Liability for errors during the lien sale process — lockout, sale, removal, or disposal of customer property.
Customer Goods Legal Liability Per occurrence Up to $1,000,000
Liability for damage to stored tenant property when the operator is legally responsible.
Hired & non-owned auto Per occurrence $1,000,000
Liability coverage for vehicles rented, hired, or used in the course of business but not owned by the insured.
Pollutant Cleanup Aggregate Up to $100,000
Costs to clean up pollutants released on the insured premises following a covered loss.
Water Backup and Overflow Aggregate Up to $50,000
Damage from water that backs up through sewers, drains, or sump pumps.
Optional add-ons
Cyber Liability Aggregate Up to $1,000,000
Breach response, first-party, and third-party liability.
Equipment Breakdown Sub-limit Full TIV
HVAC, gates, elevators, security systems.
Employment Practices Liability Aggregate Up to $1,000,000
Recommended for operators with 10+ employees.
Inland Marine Floaters Per item Up to $500,000
Golf cart, or other miscellaneous exposures.

Excess Liability

Need more limit? Altruis Group can layer an Excess Liability policy above the underlying liability coverage — up to $3M of excess over the underlying occurrence limit to reach a $5M occurrence limit. It is written as a following-form policy, mirroring the terms and conditions of the coverage beneath it.

Submission requirements

Streamlined quoting.

With our AI-powered submission ingestion, we're submission format agnostic — send us what you have and we will reach out if we need anything further.

Commonly submitted

  • ACORD forms (125, 140, 126)
  • Statement of Values (SOV) for portfolios

Recommended additions

  • Photos of each facility (exterior, interior, office)
  • Copy of rental agreement / lease template
  • Security procedures (gates, cameras, access controls)
  • Claims detail narrative for any loss over $50,000
  • Website URL and business plan for new ventures

Prefer our format?

Download the Altruis Group application (Excel or fillable PDF) and the Statement of Values template.

Application Excel spreadsheet Application Fillable PDF Statement of Values Excel spreadsheet

Ready to submit a Self Storage risk?

Appointed brokers can submit directly through the portal. Not appointed yet? Get set up in under 48 hours with direct access to program underwriters.

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