Hi Carl,
What a pickle you are in! Getting the correct General liability for a Storage business is a nightmare!
I do not have an answer, but I recommend you contact an escrow officer at a title company to see what insight or pathways they might offer, such as deeding that parcel of land to your child, relative, etc. Then, work with them to get the coverage you need. In addition, there should be an attorney affiliated with the company that hopefully is savvy in real estate law.
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Caroline Hart
Vice President
X-15 Enterprises, LLC
Jasper TX
(409) 382-0266
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Original Message:
Sent: 05-17-2023 07:37 PM
From: Carl Schach
Subject: General Liability Insurance
In 2021 we opened an RV and boat storage facility on our property behind our home. I have contacted several insurance companies about general liability insurance and I get the same answer. Because the business is located on the same property as our home no one will write the policy. They all suggest subdividing the property and then they could write a policy. We have home owners insurance and I was advised by several agents to not disclose the business to them as they would likely drop me.
I really dont want to spend 15 to 20k to subdivide so that we can get insurance. However, I am worried about anything happening and us being in a bad way really quickly.
Anyone have any suggestions?
Thanks
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Carl Schach
Owner/Operator
North Edinburg RV and Boat Storage LLC
Edinburg TX
(956) 533-1205
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