According to the lawsuit, Public Storage tricked its customers into buying its own insurance at inflated rates – in violation of the Florida Deceptive and Unfair Trade Practices Act. BC611584. A lawsuit filed in California state court alleges that Public Storage has been unfairly profiting from these forced insurance payments. Superior Court of Connecticut. On March 21, 2014, Packwood rented unit No. Cosgrove said the suit is open to all Public Storage customers who bought insurance from the company during the past four years. In a new class-action lawsuit, a Florida man alleges self-storage operator Public Storage deceived customers who bought tenant insurance policies. Public Storage’s insurance revenue rose 8.8 percent from 2012 to 2013. 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! 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 … On Monday, January 28, 2019, the Public Storage class action trial began in the Superior Court of California, County of Los Angeles. The Class-Action Lawsuit The self-storage industry has grown so much over the past decade that it’s now on the radar of class-action attorneys. New Hampshire Insurance is not a defendant in the suit. We offer a wide variety of units and sizes available with no obligation and no long-term commitment. Related: Public Storage - 26% rate hike after just a few months. “Meanwhile, they are taking an enormous chunk, if not all of it, and we think it is a deception.”. 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. The premium appears as a line item on monthly statements for Public Storage customers. Public Storage Insurance Lawsuit Public Storage Lawsuit – Basic Information. However, the suit alleges that the company encourages employees to aggressively sell insurance and that employees are provided with scripted sales language. Still, revenue from tenant insurance remains a small portion of the company’s total revenue. If they are not being responsive at all, you will need to make an assessment of the dollar amount of your damages and sue them. Alexander Harris is a reporter covering the business of self-storage. 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. “What really made me scratch my head is that [the suit] relies very heavily on this idea that people were basically forced or received this hard sell into insurance,” Greenberger said. MEMORANDUM OF DECISION. “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. 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. James Colby of Kansas City is also waiting. 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. As noted in the company’s 2013 financial report, the company grossed $84.9 million from the sale of tenant insurance policies in 2013. Public Storage faces class-action suit over tenant insurance. If you are eligible for this class action lawsuit, file a claim by 1/11/2016 to receive up to 50% of the total alleged damages. 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. 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. 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. 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