New Hampshire Insurance is not a defendant in the suit. The premium appears as a line item on monthly statements for Public Storage customers. I ALSO found out that my certificate of storage insurance provided coverage up to a maximum of $2,000, subject to a $100 deductible. In Downey v.Public Storage, Inc., Case No. But nine months later he has yet to collect a dime. He obtained his degree in journalism from Virginia Commonwealth University. “Of course, they want you to buy their insurance and it is profitable for them, but you could still have your own [coverage].”. The anatomy of a self-storage zoning case, SiteLink wins $1.7 million judgment against eMove, E-commerce trailblazer Scott Bintz sells storage portfolio in North Dakota, Sold! The suit claims that the premiums are excessive compared with similar policies and that there’s no correlation between the underwritten risk and the premium amounts. Representatives of Public Storage could not be reached for comment. And it says Public Storage keeps most of the profit. However, the suit alleges that the company encourages employees to aggressively sell insurance and that employees are provided with scripted sales language. The suit against Public Storage contains five counts: violation of the Florida Deceptive and Unfair Trade Practices Act, breach of contract, unjust enrichment, breach of covenant of good faith and fair dealing, and unconscionability. Has anyone from the Public Storage company or the insurance company acknowledged receiving your claim, or offered to pay for your damages? On March 21, 2014, Packwood rented unit No. Resolved Sedgewick CMS — public storage insurance M Mohan2010 This is regarding the Claim Number [protected]-0001, We have taken insurance when we stored our luggage at Public Storage and all of our good got spoiled when we took out public storage. Still, revenue from tenant insurance remains a small portion of the company’s total revenue. The Lawsuit involves the self-storage insurance sold at Public Storage’s California facilities. The Lawsuit alleges Public Storage led tenants to believe that they had to purchase insurance through Public Storage, and concealed from its tenants that they had other options to fulfill the requirement in their lease that they have insurance. Be sure to read Boswell v. The Retreat Community Association. Send us a tip. Coral Gables, FL, law firm León Cosgrove is representing Bowe, who rented a unit at a Public Storage facility in Miami. The SpareFoot Storage Beat is your go-to source for self-storage news, features and analysis. Currently, we are involved with a class action that alleges deceptive business practices by Public Storage. Greenberger said tenant insurance is a good idea for consumers because deductibles on most homeowner’s and renter’s policies are too high to cover a total loss of contents in a storage unit. Part of the port charge did go to the port, he said, but the cruise line also kept a portion. Attorneys with the two law firms could not be reached for comment. Subject to the applicable rules, laws, and regulations, the Law Firm of Audet & Partners, LLP is a national law firm, and seeks to provide experienced legal representation to our clients throughout the United States. The Lawsuit involves Public Storage’s self-storage insurance … Greenberger is not involved in the suit. Office 415.568.2555 Fax 415.568.2556 Toll Free 800.965.1461. All Rights Reserved. The coverage offered by Public Storage, called Perfect Solution Storage Insurance, is underwritten by New Hampshire Insurance Co. The Lawsuit involves Public Storage’s self-storage insurance sold to its tenants at Public Storage's California facilities. Information suggests that Public … These suits involve all sorts of things. “If it turns out to be the case that you aren’t allowed to recommend your own insurance to people … a lot of other businesses would be in bad, bad shape,” Greenberger said. Public Storage is being represented by William M. Audet, Steven R. Weinmann, and Ling Y. Kuang of Audet & Partners. Evidence suggests that the fire was started when intruders used a blowtorch on the lock of a unit they were trying to rob. January 6, 2018 I already posted about this topic. Holland & Knight of Miami and Newport Trial Group of Newport Beach, CA, are representing Public Storage in this case. I am desperate to see if I have case to sue Public Storage as an individual AND in class action lawsuit. The plaintiff, Colin Bowe, alleges that Public Storage sold tenant insurance to him and other storage consumers without properly disclosing that the company retains a “substantial portion” of the premiums. Eyewitness News tried to reach a manager or supervisor to comment on the investigation, but no calls were returned. Defendants are Public Storage and PS Business Parks, Inc. Public Storage is a California-based provider of rental storage space that acquired Shurgard Storage Centers, Inc. ("Shurgard") in 2006 and assumed all of Shurgard's rights and liabilities. When I rented the unit I agreed to the $15.00 a month for $5000.00 of insurance on my unit, it would be a $15.00 charge along with the unit rental. Self-storage categories covered by The SpareFoot Storage Beat include public companies, private companies, industry trends, real estate development, facility acquisitions, hirings and promotions. Alexander Harris is a reporter covering the business of self-storage. Self Storage Acquisition News for January 2021, Storable welcomes new investment partner: EQT, Public Storage to settle class action lawsuit, U-Haul sees 16.7% bump in self-storage revenue, Jernigan: “The reports on the demise of the storage sector are greatly exaggerated”, Property tax pain on tap for self-storage sector. Unsolicited Phone Calls and Text Messages, Audet & Partners, LLP Launches Groundbreaking Class Action Lawsuit Based on Roundup Cancer Link, Defective 3M Earplug Lawsuit Alleges Defective Design, Kona Coffee Lawsuit Alleges Mislabeling of Inferior Blends, Prevagen Lawsuit Alleges False Advertising, Instacart Driver Lawsuit May Allege That Company Misapplied Tips, Amazon Driver Lawsuit May Allege That Company Misapplied Tips. Garcia filed a claim on the insurance policy that he said Public Storage had required him to buy. Public Storage requires all of its tenants to carry insurance. In 2015, Public Storage settled a class-action suit in Florida in which plaintiffs claimed the REIT misrepresented how it was using the premiums collected from customers who bought tenant insurance through the company, a source reported. Judge sides with Public Storage in insurance class action case A California judge has tentatively sided with Public Storage in a $100 million class-action lawsuit that alleged the self-storage REIT tricked California tenants into believing they had to buy company-sold insurance when they rented storage units. When 911 emergency responders sent a team to a fire at a storage facility on Milwaukee’s northwest side in November 2015, Casey Dorsey was one of three customers whose property suffered extensive damage in the blaze. He loves reading Elmore Leonard novels and listening to classic country music. Case Summary: This is a settlement for a class action alleging that Public Storage told Florida tenants it would send premiums collected for self-storage insurance to an insurance company, but that it retained more than 75% of the money collected. Weekly Self Storage Acquisition Round Up 1.20.21, The Roll Up: Weekly Self Storage Development News 1.20.21, Soon to be a public company, Janus aims for $1 billion in sales by 2023, Extra Space Storage continues clean energy leadership with 65 more solar installations from Pivot Energy, Storage Exchange debuts brokerage alternative for self-storage industry, Billion dollar deal sets stage for self-storage acquisition activity in 2021, The Roll Up: Self Storage Development News for January 2021, Sold! This action arises from the plaintiff's alleged loss of his personal property kept in a self-storage unit at the defendant's place of business in Bridgeport, Connecticut. In 2011, 61 percent of the REIT’s customers bought insurance policies marketed by Public Storage. This practice likely runs afoul of consumer laws and regulations in many states that require transparency of companies engaging in the sale of similar insurance coverage. Our attorney team represents legal clients in class action lawsuits, personal injury law suits and related legal matters, and other types of law and litigation. It alleged that the insurance Public Storage offers is not from a separate company, but from subsidiaries of public storage itself. On May 28, 2013, he filed a lawsuit against Public Storage and hopes that the customers he used to try and protect will benefit, and that the company will step up to the plate. In a new class-action lawsuit, a Florida man alleges self-storage operator Public Storage deceived customers who bought tenant insurance policies. If you used Public Storage and were sold self-storage insurance in California between 2010-2016, you are urged to contact Audet & Partners, LLP for a free, confidential case evaluation. After Public Storage filed an opposition and plaintiffs filed their reply, the trial court held a hearing to entertain argument. The SpareFoot Storage Beat is your go-to source for news, features and analysis about the self-storage industry. Experienced Class Action Lawyers and Complex Litigation Attorneys. Self-storage industry attorney Jeffrey Greenberger of Cincinnati law firm Katz Greenberger & Norton said he isn’t convinced that Public Storage did anything wrong in this case. James Colby of Kansas City is also waiting. Perez v. Public Storage, No. Cosgrove said in that case, Costa Cruise Lines line invoiced customers for a port charge. In fact, the suit claims, Public Storage “enriches” itself by retaining much of each premium. The legal outcome is that a California appellate court reversed a trial court. Public Storage has agreed to settle a class action lawsuit alleging it deceived some of its tenants by misrepresenting that it would send the premiums collected through the sale of self-storage insurance to an independent insurance company. MEMORANDUM OF DECISION. The suit, filed in federal court in Miami, seeks restitution for all of the insurance premiums paid to Public Storage by its customers over the past four years, an amount that potentially … He did not take the additional insurance that was offered because his … In 2013, the company racked up revenue of $1.85 billion, with just 4.6 percent of that coming from tenant insurance. “The cruise line became liable for that fee because they had provided an impression to the consumer that they were collecting that fee on behalf of a third party,” Cosgrove said. The sale of insurance policies is high-margin source of revenue for Public Storage. The goal of this section is to provide consumers with a comprehensive resource on class action and mass tort lawsuits. The suit says Bowe and other customers who bought tenant insurance received a contract addendum authorizing Public Storage to “conduct the administrative function of receiving premium to send to the insurance company on my behalf.”. Speaking to FOX6, Dorsey and others claimed that the management of the storage facili… The suit, filed in federal court in Miami, seeks restitution for all of the insurance premiums paid to Public Storage by its customers over the past four years, an amount that potentially could total hundred of millions of dollars. If you rented storage units from Public Storage in the state of Florida and purchased self-insurance policies, you may be entitled to benefits from the class … Public Storage is a class action lawsuit (the "Lawsuit") filed against Public Storage in the Superior Court of California for the County of Los Angeles (the "Court") Case No. Orange Door Claim Intake Form Email: 2618orangedoor@sedgwickcms.com Fax: 844-244-2286 *Orange Door Storage Insurance Program *CONTRACT : 2618 Internal Sedgwick use only Reporter Information Public Storage customers that purchased self-storage insurance in California between 2010-2016 may have been charged illegally excessive premiums for self-storage insurance. Information suggests that Public Storage fraudulently failed to disclose to customers that a significant portion of the premiums collected for this insurance were being wrongfully diverted directly to Public Storage. To file its response to the operators in the form of marketing or fees... 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