(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 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.
Rhode Island Legal Code