MINICO OFFERS DEDUCTIBLE WAIVER OPTION FOR SELF-STORAGE INSUREDS
PHOENIX, ARIZ. – MiniCo Insurance Agency, LLC, is now offering a deductible waiver option designed to help relieve some of the financial burden on self-storage insureds in the event of a loss caused by hail or wind which causes cosmetic damage to roof coverings. Currently available in Arkansas, Colorado, Kansas, Oklahoma and Texas, the option permits the waiver of the named insured’s applicable wind and hail property deductible when the named insured and the company mutually agree to choose elastomeric roof coating in place of roof replacement to repair cosmetic damage to roof coverings caused by wind or hail.
Elastomeric roof coating may be a more viable solution in situations where the damage caused by hail does not compromise the structural integrity or functionality of the roofing. Full-scale roof repair and replacement in most cases will require self-storage tenants to be relocated and prevent units from being rented for an extended period of time. MiniCo’s deductible waiver provides an option to avoid these types of disruption while reducing costs for both the insured and the insurance carrier.
MiniCo’s Jim Clemmensen, Senior Vice President of Insurance Operations, commented, “With the continued challenging economic climate, self-storage business owners are highly focused on increasing revenue and occupancy. We are committed to finding ways to help limit the insureds’ out-of-pocket costs and minimize impact on their business and their tenants.”
The deductible waiver option will be added to most renewal policies and new business policies with locations in eligible states. For more information, contact MiniCo’s underwriting department at 800-447-8383 or firstname.lastname@example.org.
Since 1974, Phoenix-based MiniCo Insurance Agency, LLC, has been a self-storage leader providing superior specialty insurance programs, informative publications and valuable products and services created expressly for the self‑storage industry.