Many self-storage owners assume they’re properly insured—until a claim, acquisition, or renewal exposes a costly gap.
In a recent episode of Storage Moguls, Terry Campbell, Johnson Insurance’s Self-Storage Specialist, joined Joe Downs to discuss the insurance issues storage owners and buyers should be paying closer attention to.
They covered:
✅ Why buyers should review FEMA flood maps before making an offer
✅ How to tell if a facility may be underinsured
✅ Replacement-cost mistakes that can create major claim issues
✅ Coverages first-time owners often overlook
✅ Insurance considerations for boat/RV storage and flex space
Terry also shared a real-world example where a FEMA flood-map change caused one facility’s insurance cost to jump from approximately $11,000 to $84,000.
With decades of experience across self-storage ownership, operations, lending, and insurance, Terry brings a unique perspective to helping owners protect their investments.
The takeaway: bring insurance into the deal early.
Contact Terry and our self-storage insurance team to review your current coverage or an upcoming acquisition.
🎧 Listen to the episode:
🍎 Apple Podcasts:
https://podcasts.apple.com/us/podcast/is-your-storage-facility-properly-insured-probably-not/id1895300229?i=1000783755264
