A proprietary tenant insurance solution will be offered by MiniCo in partnership with Charter Atlantic Insurance Company beginning in April 2015.
MiniCo Insurance Agency, a member of the Aran Insurance Services Group, has introduced a new tenant insurance solution for self storage owner/operators beginning in April 2015. MiniCo is partnering with Charter Atlantic Insurance Company to provide captive insurance services, enabling self-storage owner/operators to share in the profits of this tenant insurance solution. The program is underwritten by an “A” rated insurance carrier.
The new tenant insurance solution offers a unique and proprietary structure that has the potential to permit self-storage business owner/operators to generate revenue, build wealth, increase cash flow and net operating income, increase market valuation, and enhance their return on investment.
Business owner/operators will benefit from direct ownership of their own independently operated captive series business units as well as ongoing business support from MiniCo, allowing them to leverage MiniCo’s over 40 years of expertise insuring self-storage properties and tenants’ stored items. Support elements will include risk analysis, expert claims management, and staff training.
John LaCava, President and CEO of Aran Insurance Services Group, said, “MiniCo’s partnership with Charter Atlantic Insurance Company brings individual captive insurance solutions to self-storage business owners – another example of our dedication to creating innovative programs and services for the self-storage industry.”
MiniCo President and CEO Mike Schofield added, “The combined expertise of MiniCo and Charter Atlantic, with underwriting by our “A” rated insurance partner, offers an outstanding opportunity to self-storage operators looking to expand their businesses and maximize their revenue.”
About MiniCo Insurance Agency, LLC
MiniCo Insurance Agency, LLC, was founded in 1974 as a provider of specialty insurance products and publications for the self-storage industry. Today the company is a program administrator offering multiple specialty property and casualty insurance products for a variety of unique industries and exposures. MiniCo Insurance Agency, LLC, the parent company of MiniCo Insurance Agency of Canada, Incorporated, is a member of the Aran Insurance Services Group.
MiniCo Insurance Agency