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Video instructions and help with filling out and completing Public storage rental agreement
Instructions and Help about Public storage rental agreement
Last night we told you about what happened when one man storage locker was broken into we exposed how even with insurance you might be out of luck well tonight former insiders reveal why they pressured people to buy that insurance and who got paid as a result Julie watts is back with the story you'll only see on KPIX 5 if you've ever rented a locker at public storage you've probably heard that line for these two former employees it's all too familiar they of course are there their employees to learn the scrip dog top vest and jim Casas spent a decade managing public storage properties and say they were consistently pressured to sell insurance and he needed to be up there at least 90 percent on the insurance and in undercover visits to several public storage locations for convenience here we use the orange door insurance program we found employees offered insurance without fail well you're not required to buy the insurance sold here employees are quick to make it look very attractive we found they rarely let you know you can use your own insurance unless you ask and when you do they give you this QA that makes their insurance look much better but tenants we spoke with say the policy was worthless for them despite a ransacked unit photographic evidence and a police report citing burglary John Kerr Knox insurance claim was denied because he didn't have the lock crooks cut off our investigation found that there were no signs of forcible entry into your unit Deborah Amber's was also denied her missing lock replaced with a new one only public storage could open and I could not get in but the presence of a different lock wasn't enough to prove theft and we found scores of similar complaints public storage denied our request for an interview but in a statement said insurance coverage for stored items is 100% voluntary and there is no requirement to show proof of insurance in order to run a storage unit though the company's own website states insurance for your stored items is required according to this script we obtained employees must say all of our customers are required to have some form of insurance and in repeated undercover visits so customers require insurance dating back to 2022 insurance is required that's what we heard from every employee the company also says there are no quotas or any other financial incentives for property managers offering the insurance product and Don and Jim agree with that they say is property managers they didn't profit from pushing insurance their regional managers did their bonuses were out of this world we obtained internal emails that seemed to confirm their managers did have incentive to push them to sell in 2022 the company's CFO explained the real money is made in tenant insurance and in 2022 executives clearly stated bonus plans for regional managers include insurance penetration that's right around the.