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Insurance Office of America Launches Tenant-Protection Program for Self-Storage Operators
IOA is an independent, full-service insurance agency

October 10, 2019: Insurance Office of America (IOA) has launched a self-storage tenant-protection program to help self-storage renters protect their belongings, while facility owners can reduce their business-loss exposure. It is intended to be offered by self-storage operators and third-party management companies.

With the Tenant Protection Program, the facility sets the protection-plan limits and pricing based on local market conditions. The program is streamlined, so startup can be accomplished without much friction.” Said by Joseph Torrisi, self-storage specialist.

The protection program is underwritten by an unidentified “AM Best A-rated carrier”, the release stated. On behalf of the storage operator, the insurance carrier insures the risk, and tenant claims are handled by licensed adjusters. IOA provides training for implementation of the program. 

The IOA Self Storage Division offers custom-tailored insurance programs for their clients, that can incorporate traditional insurance coverages, alternate risk financing techniques, human-resource outsourcing, and additional combinations thereof.

IOA is an independent, full-service insurance agency founded in 1988. It has more than 1,000 associates in 50 offices, with some in London and many across the United States.