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Current as of January 01, 2025 | Updated by Findlaw Staff
A. At every location where self storage insurance is offered to customers, the lessor shall make available to a prospective customer brochures or other written materials that:
1. Disclose that self storage insurance may provide a duplication of coverage already provided by a customer's homeowners insurance policy, renter's insurance policy, or other source of coverage;
2. State that the purchase of coverage by a customer of self storage insurance is not required in order to lease a self storage unit;
3. Summarize the material terms of the insurance coverage, including (i) the identity of the insurer; (ii) the amount of any applicable deductible and how it is to be paid; (iii) benefits of the coverage; and (iv) key terms and conditions of coverage; and
4. Summarize the process for filing a claim, including proof of loss requirements.
B. Self storage insurance may be offered on a month-to-month or other periodic basis as an individual policy or a group or master policy issued to a lessor under which the individual customer may elect to purchase coverage.
Cite this article: FindLaw.com - Virginia Code Title 38.2. Insurance § 38.2-1883. Requirements for sale of self storage insurance - last updated January 01, 2025 | https://codes.findlaw.com/va/title-38-2-insurance/va-code-sect-38-2-1883/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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