Joe DownsCEO & Co-Founder, Belrose Storage Group. Founder, Storage Moguls.

The winning strategy required with opt‑out waiver

18 Mar 2026 · 1 min

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Property operators can require tenant insurance through an opt-out waiver that stays legally compliant. The strategy has two steps: pick an insurance provider and add an insurance addendum to your lease with the right legal language.

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So the winning strategy here is to make it required with an opt-out waiver. So this maximizes compliance while staying legally sound and ensures most tenants are covered, protecting both them and your business. And this is where the rubber meets the road here. It's a lot simpler than most operators expect. So step 1, choose a provider. We'll cover that in detail shortly. Step 2, update your lease. Add an insurance addendum. This is the legal language that makes the program mandatory with an opt-out.