MiChoice Self-Storage Facilities

On Nov. 1, Encova launched a new product for business owners: MiChoice Self-Storage Facilities. Designed specifically for business owners’ policies, this customizable coverage for self-storage facilities is now available to qualified businesses. MiChoice Self-Storage Facilities is intended for active self-storage facilities, meaning those that are professionally maintained, utilize 24-hour surveillance, have a digital presence and maintain a presence on-site (i.e., a resident manager).

Customizations within the product include:

• Customers’ goods legal liability options of $25,000 to $1 million
• Customers’ goods legal liability of wine storage up to $1 million
• Resident manager personal liability limits options of $300,000 to $1 million
• Resident employee personal property coverage limits of $10,000 and $20,000

We’ve been monitoring the $38 billion self-storage industry, and we believe it will grow substantially over the next several years. With the industry’s positive outlook, we know this coverage will be a helpful offering to both you and your clients.

Contact your commercial lines underwriter for more information.