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. Public Storage is the leading provider of storage units for your personal, business and vehicle needs with thousands of locations nationwide. A lawsuit filed in California state court alleges that Public Storage has been unfairly profiting from these forced insurance payments. 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! BC611584, 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”). Bruce Berlin v. Public Storage, Inc. CV075007494 Decided: August 05, 2011. Alexander Harris/May 27, 2014March 10, 2020. It alleged that the insurance Public Storage offers is not from a separate company, but from subsidiaries of public storage itself. Experienced Class Action Lawyers and Complex Litigation Attorneys. Please complete and submit the inquiry form on the right side of this page, or give us a call at (800) 865-1461. In Downey v.Public Storage, Inc., Case No. 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. The lawsuit says it is Public Storage that runs the insurance program, sets rates and approves or denies claims. Cosgrove compares his client’s lawsuit against Public Storage with another legal case in Florida. 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. 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. Coral Gables, FL, law firm León Cosgrove is representing Bowe, who rented a unit at a Public Storage facility in Miami. Copyright © 2020 by Audet & Partners, LLP. Public Storage is being represented by William M. Audet, Steven R. Weinmann, and Ling Y. Kuang of Audet & Partners. Public Storage was also the target of a class-action suit in Florida after customers discovered that the insurance policy they were required to purchase wasn’t through an independent insurer, but rather through Public Storage — meaning Public Storage was charging people more for storage units than advertised. Public Storage Insurance Lawsuit Public Storage Lawsuit – Basic Information. 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. 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. Audet & Partners, LLP has initiated a class action lawsuit on behalf of customers of Public Storage in 2015. The sale of insurance policies is high-margin source of revenue for Public Storage. 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