§ 27-2.8-3. Requirements for sale of self-service storage insurance. [Effective January 1, 2023.]
(a) At every location where self-service storage insurance is offered to occupants, brochures or other written or electronic materials must be made available that:
(1) Disclose that self-service storage insurance may provide a duplication of coverage already provided by a homeowner’s insurance policy, renter’s insurance policy, or other source of coverage;
(2) State that the enrollment in the self-service storage insurance program offered by the owner is not required in order to lease storage space at the self-service storage facility;
(3) Provide the actual terms of the insurance coverage, or summarize the material terms of the insurance coverage, including:
(i) The identity of the insurer;
(ii) The identity of the supervising entity;
(iii) The amount of any applicable deductible and how it is to be paid;
(iv) Benefits of the coverage; and
(v) Key terms and conditions of coverage;
(4) Summarize the process for filing a claim; and
(5) State that an occupant may cancel enrollment for self-service storage insurance coverage at any time and the person paying the premium shall receive a refund of any applicable unearned premium.
(b) Self-service storage insurance may be provided under a commercial, corporate, group, or master policy.
History of Section.P.L. 2022, ch. 342, § 1, effective January 1, 2023; P.L. 2022, ch. 343, § 1, effective January 1, 2023.
Structure Rhode Island General Laws