Virginia Code 38.2-1881: Definitions
As used in this article, unless the context requires a different meaning:
Terms Used In Virginia Code 38.2-1881
- Customer: means a person who leases a self storage unit. See Virginia Code 38.2-1881
- 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
- Lessor: means a person in the business of engaging in self storage unit transactions directly or indirectly. See Virginia Code 38.2-1881
- Person: means any association, aggregate of individuals, business, company, corporation, individual, joint-stock company, Lloyds type of organization, organization, partnership, receiver, reciprocal or interinsurance exchange, trustee or society. See Virginia Code 38.2-100
- Personal property: All property that is not real property.
- Self storage insurance: means insurance providing coverage against loss of or damage to items of personal property stored in a self storage unit in accordance with the terms of the self storage unit rental agreement. See Virginia Code 38.2-1881
- Self storage unit: means a unit in a building, part of a building, or place used only for storage of personal property by the customer leasing the unit. See Virginia Code 38.2-1881
“Covered customer” means a customer who elects coverage under a self storage insurance policy issued to a lessor of self storage units.
“Customer” means a person who leases a self storage unit.
“Lessor” means a person in the business of engaging in self storage unit transactions directly or indirectly.
“Self storage insurance” means insurance providing coverage against loss of or damage to items of personal property stored in a self storage unit in accordance with the terms of the self storage unit rental agreement. Self storage insurance may cover the items of personal property against any one or more of the following causes of loss: fire, hurricane, tornado, wind, earthquake, vandalism, lightning, smoke, hail, building collapse, explosion, leaking water, and burglary. “Self storage insurance” does not include a homeowners, renter’s, private passenger automobile, commercial multi-peril, or similar policy.
“Self storage unit” means a unit in a building, part of a building, or place used only for storage of personal property by the customer leasing the unit.
“Self storage unit transaction” means the lease of a self storage unit by a lessor to a customer.
2013, c. 203.