Amwins launches insurance program for self-storage facilities

Amwins Program Underwriters has launched a new self-storage facilities insurance program aimed at owners, operators and the retail agents who place coverage for them. The offering comes as U.S. self-storage demand grows and risks tied to property damage, theft and liability rise.

Why it matters: - The self-storage market has more than 2.1 billion square feet of space in the U.S. as of 2026, and about one in three Americans rents a storage unit. - More demand also means more exposure for owners and operators, including property damage, vandalism, theft, sale and disposal liability, and construction-related risk. - The new program gives retail agents and brokers a way to place industry-specific coverage for a growing niche.

What happened: - Amwins Program Underwriters announced the launch of its Self-Storage Facilities insurance program on July 16, 2026. - The program is designed to provide comprehensive protection for self-storage business owners and operators. - Dan Curran, executive vice president at Amwins Program Underwriters, said the offering is intended to help retail agents and brokers address more complex self-storage exposures.

The details: - The program includes property, general liability, excess liability, crime, equipment breakdown, non-owned and hired auto, and inland marine coverage. - Program highlights include customers' goods legal liability up to $1 million and sale and disposal legal liability up to $1 million. - The coverage also includes mobile equipment coverage and a property enhancement endorsement. - Resident manager liability is available upon request. - The program is backed by an A.M. Best "A" (Excellent) rated carrier. - Coverage is available on both admitted and non-admitted bases. - Admitted coverage is currently available in CT, DE, FL, GA, KY, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, TN, VT, VA and WV. - Non-admitted availability is currently limited to FL, GA and NY. - Retail agents and brokers must submit a completed industry-standard application, a completed supplemental application, a tenant lease agreement and five years of currently valued loss runs. - More information is available in Amwins' announcement.

Between the lines: - Amwins is packaging a specialized product for a property type that has become more operationally complex. - The state-by-state availability shows the company is rolling out the program through a controlled distribution approach rather than a nationwide launch. - The combination of admitted and non-admitted options gives brokers flexibility depending on the account and market.

What's next: - Retail agents and brokers can begin submitting business under the new program now. - Expanded geographic availability may follow as the product gains traction, although Amwins did not announce a timeline.

The bottom line: - Amwins is betting that growth in self-storage demand will keep creating insurance needs that standard commercial programs may not cover as well.