Bader Company

Bader is a tenant insurance program for self-storage: coverage on the goods a tenant stores in a unit, sold at the facility and billed as part of the rent payment. The program is offered exclusively through Property First Group LP, a licensed insurance agency, and is underwritten by Pennsylvania Manufacturers' Association Insurance Company (NAIC No. 12262).

Tenants enroll online, at the facility, or through the rental flow the operator already uses, and can cancel at any time. Base coverage answers forced-entry theft from a secured space, fire and smoke, water damage from a roof leak or sprinkler failure, and wind, hail, tornado, and roof collapse under snow and ice. Facilities can add endorsements for mildew, bacteria, fungus and rot, earthquake, volcanic eruption and landslide, vehicles in outdoor open-air parking, pests other than bed bugs, and flood, so what a tenant actually holds depends on the endorsements that facility selected and on the certificate of insurance.

Bader describes itself as an early innovator of the pay-with-rent program and one of the largest self-storage goods insurance businesses in the industry. Coverage at most facilities can cost as little as 40 cents a day for the lowest coverage amount, and the insurance is primary over any other valid and collectible insurance the tenant holds, so a loss does not have to go through a homeowners policy with its own deductible. Administration runs out of Sharpsburg, Pennsylvania, on (888) 545-7627.

Coverage is not available in every jurisdiction and the policy language governs. Operators should confirm the program is filed in their states, get current limits and rates in writing, and check which endorsements they are enabling before putting it in front of tenants at move-in.