Benefits: Tenant Protection Coverage

Tenant Protection Coverage

Tenant Protection vs. Insurance

Definition

  • Tenant protection is a contractual agreement between the self storage facility and the tenant, providing coverage for the tenant's stored belongings.
  • Not a traditional insurance policy.
  • Offers limited protection for items stored in the facility.

Coverage

  • Covers loss or damage due to events like fire, theft, natural disasters, and water damage.
  • May include reimbursement for property damage, personal injury, or wrongful eviction.

Benefits

  • Affordability: Generally less expensive than traditional insurance.
  • Ease of Acquisition: Can be purchased directly from the storage facility.
  • No Deductibles: Tenant protection typically has no deductibles for the tenant to pay.

Self Storage Insurance

Definition

  • Self storage insurance is a traditional insurance policy purchased from an insurance provider.
  • Provides coverage for items stored in a self-storage facility.
  • Requires an active policy with the insurance company.

Coverage

  • Covers loss or damage due to events like fire, theft, natural disasters, and water damage.
  • May also include liability coverage, protecting the tenant from third-party claims.

Benefits

  • Customization: Policy can be tailored to the tenant's specific needs.
  • Higher Coverage Limits: Insurance policies may offer higher coverage limits than tenant protection plans.
  • Policy Bundling: May be bundled with existing home or renter's insurance policies.

Key Differences

  1. Type of Agreement: Tenant protection is a contractual agreement with the storage facility, while self storage insurance is a policy with an insurance provider.
  2. Coverage Limits: Tenant protection plans usually have lower coverage limits compared to self storage insurance policies.
  3. Deductibles: Tenant protection plans generally do not require deductibles, while insurance policies often have deductibles.
  4. Policy Customization: Self storage insurance offers more flexibility in policy customization, whereas tenant protection plans have a fixed coverage scope.
  5. Liability Coverage: Self storage insurance may include liability coverage, while tenant protection plans typically do not.

Additional Storage Information

About AAA Storage

At AAA Storage, we deliver unmatched self storage quality, every day. Visit our state-of-the-art facilities and discover an immaculately maintained property with professional storage experts who deliver the hassle-free self storage experience you deserve and expect. Our secure facilities are located in Texas, Florida and North Carolina.

Featured North Carolina Cities:

Randleman, NC

Storage unit size dimensions offered for rent are approximate. The actual sizes and shapes of units at the self-storage facility may differ. Prospective tenants, prior to signing the rental agreement, should inspect the storage unit to be rented to confirm their acceptance of said unit for rent. Their decision to rent the unit should be based on this inspection and not on the promoted unit size. Rental rates for a specific storage unit are not based on the measurement of square footage.
* Monthly rental rates shown exclude Tenant Protection fees and state sales tax (where and when applicable). Discuss promotional details with Store Manager. Limitations may apply. Promotion(s) based on unit eligibility and availability. Monthly automatic credit/debit card payment may be required for some promotions. New customers only. Limit one promotion per customer.