MiniCo Insurance
Category: Finance, Insurance & Advisory
MiniCo Insurance is a Phoenix-based specialty insurance program administrator and a Jencap company. For self-storage, it offers a Commercial Self-Storage package policy for facility owners and a Tenant Protection Plan that operators offer to tenants. MiniCo works through independent retail insurance agents.
Who MiniCo Insurance serves
- Self-storage owners and operators, including multi-state operations
- Independent insurance agents placing self-storage coverage
- Operators adding a tenant protection program
What MiniCo Insurance does
Commercial Self-Storage policy
A specialty business owner policy combining property, liability and specialty coverages, with flexible limits and deductibles; availability varies by state.
Customer Goods Legal Liability
Optional coverage for tenants' property the facility may be legally liable for, including property stored in the open; limits from $25,000 to $1,000,000.
Sale and Disposal Liability
Coverage for claims arising from lockout, sale, removal or disposal of delinquent tenants' property; $10,000 included, with limits up to $1,000,000.
Tenant Protection Plan
An operator-managed program, not insurance, that reimburses tenants for covered losses. Limits of $2,500 or $5,000 per unit, with the operator setting the tenant price.
Claims
Tenant protection claims are handled by self-storage specialty adjusters, with coverage underwritten by AM Best A-rated carriers.
Frequently asked questions about MiniCo Insurance
Can I buy directly from MiniCo?
MiniCo works through independent insurance agents; ask your agent to contact MiniCo's underwriters, or email sales@minico.com.
Is the Tenant Protection Plan insurance?
No. MiniCo describes it as a contractual agreement between the facility and the tenant that reimburses covered losses up to a set limit.
Which facilities fit the Tenant Protection Plan best?
MiniCo says facilities with 400 or more units, full perimeter fencing and signed rental agreements for all tenants tend to succeed with it.
Visit the official MiniCo Insurance website