These risks are generally addressed through insurance coverage, and there are different types for each type of peril. Insurance for Your RentersGoods coverage for tenants solves completely different problems than business insurance. Tenant Insurance vs. ProtectionThere are two primary types of coverage you can provide to your self-storage customers: tenant insurance and a tenant-protection plan. For many self-storage operators and renters, tenant insurance feels familiar because it’s has a traditional insurance structure. A tenant-protection plan is different from tenant insurance in that it isn’t a policy between the self-storage renter and an insurance company.