Why You Should Choose Auto-Enrollment for Tenant Insurance
Tenant insurance offers many benefits for your self-storage business – especially if you require proof of coverage as a condition of a lease agreement. Better coverage gives everyone peace of mind.
That said, traditional insurance offerings are typically time intensive. You and your team lose time to policy training, education and promotion, and ongoing management and paperwork.
But you can give your coverage and revenue a powerful boost with Auto-Protect’s automated tenant enrollment. Auto-Protect helps you improve tenant coverage and maximize workflows, leaving more time to focus on your business goals.
Better Tenant Coverage for Better Business
Many tenants don’t realize that they’re responsible for damage to their stored property. By educating customers up front about your facility’s lease requirements and all their options, you’re clear that their experience and property are your top priorities. You provide the information they need to make informed decisions about the right level of coverage.
This pays off not just in better protection for your tenants – it also helps your business build a better reputation.
An Easy Path to Tenant Protection
When it’s easier for your tenants to enroll in an insurance program or provide proof of coverage, you do more than boost enrollment for your self-storage business. Auto-Protect gives tenants a streamlined auto-enrollment process so it’s easy for them to meet your insurance requirement. It works in three ways:
1) Auto-Protect Move-In
Auto-Protect’s first feature notifies new tenants of your insurance requirement and shares information about the offered coverage, as well as options to provide proof of alternative insurance. This feature enrolls new tenants, online or in-person, after 14 days if they didn’t previously enroll or provide proof.
2) Auto-Protect Audit
Audit automatically identifies and addresses any insurance gaps for your existing tenants. It runs a one-time audit to identify current tenants who are without coverage and, as with Move-In, sends notifications to select from or provide proof of other valid coverage.
Moving forward, Auto-Protect tracks coverage status and expiration dates to send notifications to tenants to update information or enroll in the available insurance program.
3) Auto-Protect Tenant Portal
The Tenant Portal gives your tenants a convenient and user-friendly online portal where they can upload proof of coverage. Save time you might spend on follow-up or the paperchase and focus on growth.
A Real Revenue Boost for Self-Storage Businesses
Beyond more efficient operations, auto-enrollment benefits another key element of your self-storage business: Your bottom line.
Traditional tenant insurance programs typically have a 20% enrollment rate. Auto-Protect early adopters report a 65% enrollment rate – a 225% increase.*
These additional profits with more tenants being covered gives you the opportunity to strategize for growth, whether that’s expanding automation and unmanned operations or scaling up your business to add facilities.
And because Auto-Protect is embedded in your storEDGE software, you can confidently grow with streamlined facility and tenant workflows to keep everything running smoothly.
*Based on aggregate early results of storage operator peers using the product feature.
It’s a Win-Win for Tenants and Self-Storage Operators
Better protection. An optimized experience. Revenue results. It’s simple – opt into Auto-Protect for new and existing tenant auto-enrollment, coverage tracking and communications, and documentation.