MiniCo Insurance Agency, a member of the Aran Insurance Services Group, has introduced a new tenant insurance solution for self-storage owner/operators.
MiniCo has partnered with Charter Atlantic Insurance Company to provide captive insurance services, enabling self-storage owner/operators to share in the profits of this tenant insurance solution. Beginning in April 2015, the programme is underwritten by an "A" rated insurance carrier.
The company said that the new tenant insurance solution offers a unique and proprietary structure that has the potential to permit self-storage business owner/operators to generate revenue, build wealth, increase cash flow and net operating income, increase market valuation, and enhance their return on investment.
John LaCava, president and chief executive officer (CEO) of Aran Insurance Services Group, said: "MiniCo's partnership with Charter Atlantic Insurance Company brings individual captive insurance solutions to self-storage business owners – another example of our dedication to creating innovative programs and services for the self-storage industry."
Mike Schofield, MiniCo president and CEO, added: "The combined expertise of MiniCo and Charter Atlantic, with underwriting by our "A" rated insurance partner, offers an outstanding opportunity to self-storage operators looking to expand their businesses and maximise their revenue."
MiniCo, North America, Aran Insurance Services Group, Atlantic Insurance Company, John LaCava, Mike Schofield