Ponderosa Insurance Introduces Its Self-Storage Property and Liability Program
PHOENIX (Sept. 19, 2016) — Ponderosa Insurance Agency has made self-storage property and liability insurance simpler and more cost efficient by offering policies directly to U.S. self-storage operators at a substantial savings over the current insurance offerings in the marketplace and providing more coverage such as flood and California/Pacific Northwest earthquake.
Ponderosa, a subsidiary of Repwest Insurance Company, has been a self-storage industry trailblazer for 43 years. Together with its signature tenant insurance product, Safestor, the new Ponderosa Self-Storage Property and Liability Insurance Program (the Program) provides ironclad protection to self-storage operators. Along with its broader coverage, the Program is priced 40- to 60-percent less than the cost of less-inclusive commercial policies in the self-storage market.
Two of the largest insurance companies in the world provide the property and liability insurance in the Program, rated as high as A++ by A.M. Best. No insurance company in the market has a higher rating. The Program’s best rates are reserved for those self-storage operators who are members of the U-Haul Neighborhood Dealer Network and U-Haul Self Storage Affiliation.
“The U-Haul Affiliation lowers a self-storage operator’s risk and exposure, and thus lowers insurance premiums,” Repwest President Doug Bell said. “Having two of the largest insurance companies in the world partner with Ponderosa and U-Haul is positive proof that the U-Haul Self Storage Affiliation works.”
Program Director Blake Johnson added: “Almost any self-storage operator can join the Program, and once they see the cost savings and the benefits of offering Safestor, most are eager to join.”
“I signed on again with Ponderosa to insure my storage facility and was elated at the rate and coverage provided,” said Ron Stevens, owner of Affordable Storage Solutions in Ludowici, Ga. “It is anywhere from 40- to 60-percent less than any carrier I have had in the past.”
Ponderosa has specialized in meeting tenant insurance needs since 1973 throughSafestor Tenant Insurance, which offers the industry’s most affordable rates, broadest coverage and largest claims team in the industry for swift processing. Safestor has produced satisfied customers for years – an indicator of the exceptional service that Ponderosa Self-Storage Property and Liability Insurance Program customers are now receiving.
Megan Thompson, a controller for Denver-based Wyco Self Storage Management and a Safestor customer, noted: “We appreciate the quality service and professionalism Ponderosa has provided us over the last several years. The security and welfare of our tenants and their belongings is of the utmost importance to our company. Safestor offers comprehensive coverage with affordable monthly premiums that most of our tenants find attractive.”
For more information on the Ponderosa Self-Storage Property and Liability Insurance Program or to request a quote, email Property@PonderosaInsurance.com or call (866) 751-4295.