1.    At every location where self-service storage insurance is offered to occupants, the owner shall make available to occupants brochures or other written or electronic materials that:

Terms Used In North Dakota Code 26.1-26.9-03

  • Individual: means a human being. See North Dakota Code 1-01-49
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
  • Process: means a writ or summons issued in the course of judicial proceedings. See North Dakota Code 1-01-49
  • written: include "typewriting" and "typewritten" and "printing" and "printed" except in the case of signatures and when the words are used by way of contrast to typewriting and printing. See North Dakota Code 1-01-37

a.    Disclose that self-service storage insurance may provide a duplication of coverage already provided by an occupant’s homeowner’s insurance policy, renter’s insurance policy, or other source of coverage.

b.    State the purchase by the occupant of the self-service storage insurance offered by the owner is not required to lease a space at the self-service storage facility.

c. Provide the actual terms of the self-service storage insurance coverage, or summarize the material terms of the insurance coverage, including:

(1) The identity of the insurer; (2) The identity of the supervising entity; (3) The amount of any applicable deductible and how the deductible is to be paid; (4) Benefits of the coverage; and

(5) Key terms and conditions of the coverage. d.    Summarize the process for filing a claim.

e.    State an occupant that purchases self-service storage insurance may cancel enrollment for the occupant’s coverage at any time, and the person paying the premium shall receive a refund of any applicable unearned premium.

2.    The written materials required by this section are not subject to filing or approval requirements with the commissioner.

3. Self-service storage insurance may be provided under an individual policy or a commercial, corporate, group, or master policy. Form, policy, and rate filings for self-service storage insurance must be made with the commissioner in accordance with this chapter and section 26.1-30-19.

4.    Eligibility and underwriting standards for occupants electing to purchase self-service storage insurance coverage must be established for the self-service storage insurance program.

5.    The owner is exempt from the examination and education requirements in chapter 26.1-26.

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