Self-storage construction projects carry risk before the first tenant ever moves in. Weather, theft, fire, vandalism, material damage, and project delays can cause costly setbacks during construction.
SBOA Insurance helps developers and facility owners secure builder’s risk insurance for new construction, expansions, and major renovations.
Builder’s risk insurance is property coverage for buildings and materials during construction. It helps protect a project while work is underway, including structures under construction, materials awaiting installation, and certain covered losses that may affect the project schedule.
For self-storage, this coverage matters because construction delays can affect opening dates, financing, lease-up timing, and future revenue.
Coverage for self-storage buildings and related structures while they are being built, expanded, or renovated.
Protection for covered materials, fixtures, and equipment stored at the project site or, depending on the policy, temporarily stored off-site.
Reliable protection for stored items through facility-integrated programs
Self-storage construction is different from many commercial builds. Projects may include phased buildings, drive-up units, climate-controlled areas, gates, office space, paving, security systems, and materials delivered across multiple stages.
SBOA Insurance understands these project details and helps owners and developers review coverage needs before construction risk becomes a financial issue.
With deep self-storage industry expertise, Alchemy Insurance Solutions leverages technology and innovation to deliver seamless service nationwide, licensed in all U.S. states, D.C., and Puerto Rico.
SBOA Insurance works with the self-storage industry, giving our team insight into the risks developers and owners face during new builds, expansions, and renovations.
We support projects with:
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