Apr 1, 2025   SOURCE: PR NewsWire

SafeLease Launches SafeLease Facility Insurance: Commercial Property and Liability Insurance Program for the Self-Storage Market

    --  Affordable Premiums: Managed entirely in-house reducing operating costs
        and lowering premiums for customers.
    --  Nationwide availability: including support for coastal regions.
    --  Strong coverage: Provided through Obsidian Specialty Insurance Company
        rated "A-" (Excellent) by AM Best.

AUSTIN, Texas, April 1, 2025 /PRNewswire/ -- SafeLease, a leading risk management provider for thousands of self-storage facilities, today launched its nationwide self-storage commercial property and general liability program.

Through SafeLease's use of in-house underwriting, servicing, and reinsurance, the program offers lower premiums for property owners.

SafeLease provides Tenant Protection and Insurance to over 2,800 self-storage facilities. Through its customer relationships, SafeLease has gained insights into the commercial insurance needs of self-storage owners and operators and has built this new program specifically for them.

"The never-ending rise in insurance costs has become a major burden on self-storage owners," said Steven Stein, founder and CEO of SafeLease. "By using a direct sales approach, we can offer a lower price, a faster quote, and a customized policy. We're excited to bring this offering to market and help our customers increase NOI."

SafeLease's commercial insurance offerings include:

    --  Building coverage at replacement cost
    --  Up to 18 months business income
    --  Commercial general liability limits up to $2,000,000
    --  Equipment breakdown
    --  Terrorism
    --  Sale and disposal legal liability
    --  Flood

The program is also incredibly flexible, offering a wide range of deductibles, policy limits, and coverage options.

To learn more, visit www.safelease.com/commercial-insurance

About SafeLease:
SafeLease is a leading technology and risk management provider for over 2,800 self-storage facilities. SafeLease's automation-driven approach to implementing and managing revenue-driving programs has generated over $1 billion in enterprise value for facility owners. Learn more at www.safelease.com.

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SOURCE SafeLease