The fact is, Tenant Property Protection is smarter than insurance. Because unlike complicated insurance programs that require owners and managers to obtain licensing, attend classes, have their fingerprints taken, submit to background checks, and buy costly errors and omissions coverage (they actually have to have insurance for their insurance), our plan is remarkably simple. Best of all, when it’s claim time, we don’t hit your tenants with a pile of exclusions and “other insurance” nonsense.
They’re covered. And you’re the hero. We told you it was simple.
Protection plans have become so popular with owner operators and tenants that some insurance providers – and even some of the largest operators in self-storage – are trying to hide their outdated insurance products by naming them “Protection Plans.” They’re hoping that tenants won’t notice that it’s still just insurance. When tenants tend to notice most is when the unexpected happens and it’s time for a claim. Tenants with insurance have to jump through hoops, deal with depreciation, complicated forms, and timelines that can take months. With Tenant Property Protection there is no deductible and claims are settled on average in about 72 hours.