When it comes to buying or selling a self-storage facility, insurance can quickly become a roadblock if the right information isn’t gathered upfront.
In this episode of Outside the Box, Terry Campbell of Johnson Insurance explains the key details insurance carriers need before they can properly quote and underwrite a self-storage property. From building construction and security features to loss runs and facility photos, being prepared upfront can help prevent delays and avoid surprises during the closing process.
Terry also shares a real-world example where missing loss run information nearly caused a deal to fall apart—highlighting just how important proper preparation can be for buyers, sellers, and brokers alike.
If you’re involved in a self-storage transaction, understanding what carriers are looking for can help streamline the process and keep your deal moving forward.
In this video, you’ll learn:
- Why current insurance policies and loss runs are critical during underwriting
- What building and construction details carriers require
- Why facility photos and satellite mapping matter
- How security features can impact insurance eligibility
- Common issues that can delay or complicate closing
- How preparation helps buyers, brokers, and sellers avoid problems
At Johnson Insurance, we specialize in helping self-storage owners, investors, and brokers navigate complex insurance requirements with tailored solutions and industry-specific expertise.
???? Have questions or want help reviewing your self-storage coverage?
Call us at 800-255-7777
