American Alternative Corp. New Carrier for Universal Facilities Ltd.

August 11, 2003

Universal Insurance Facilities Ltd. announced its new relationship with American Alternative Insurance Corporation (AAIC). AAIC is a wholly owned subsidiary of American Re-Insurance Corporation, and has an A.M. Best Rating of A+XV (Superior).

American Alternative Insurance Corporation is the insurance company underwriting Universal’s self-storage insurance program. Universal entered the self-storage insurance marketplace early in 1994 and provides specialty insurance coverages for the industry.

Known for fast, fair claims-handling and commitment to customer service, Universal currently insures thousands self-storage facilities all across the nation, from small, rural facilities to large franchises operating multiple locations. AAIC offers comprehensive coverages for the self-storage industry at competitive rates.

Agents interested in getting an insurance quote for self-storage accounts can contact Universal at 1-800-844-2101. Universal is completely automated and can usually provide quotes, policies and endorsements within 24 hours. Agents may also request a quote by submitting an application online at Universal’s Web site located at: www.vpico.com/universal.

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