Self-Storage Lien Sales and the Storage Wars Effect
The reality show
Storage Wars has in some instances been the cause of increased on-site participation
at self-storage lien sale auctions. The potential of larger, inexperienced and less-
knowledgeable crowds entering your
insureds’ premises comes with a heightened level of risk.
There are some important guidelines that your self-storage clients should follow in regard to lien sales.
• Follow State Statutes – Each state has different laws regarding lien sales, and it is critical to follow the applicable state’s laws to the letter.
• Inspect and Maintain the Premises – Inspect the facility for slip-and-fall hazards, uneven pavement, loose steps, potholes, and other hazards and make timely repairs. Schedule and perform regular maintenance tasks like snow and ice removal.