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Why is it important for a self-storage insurance agent to understand the asset class?

Table of Contents

Question #

Why is it important for a self-storage insurance agent to understand the asset class?

Answer #

Self-storage has unique replacement-value issues, so an uninformed agent may cause owners to overinsure or underinsure. Owners need coverage that reflects current construction costs and how the facility would actually be replaced.

Source #

Episode 493 Ñ Episode 493(2).docx