Section 27-2.8-3 - Requirements for sale of self-service storage insurance(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.R.I. Gen. Laws § 27-2.8-3
Added by 2022 Pub. Laws, ch. 342,§ 1, eff. 1/1/2023.Added by 2022 Pub. Laws, ch. 343,§ 1, eff. 1/1/2023.