This site is part of the Global Exhibitions Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.


Indiana Governor Signs Bill Allowing Self-Storage Operators to Sell Tenant Insurance


Indiana Governor Mike Pence signed a bill into law on April 24 giving self-storage operators the ability to collect payment for over-the-counter tenant insurance. Senate Bill 432 provides for the “sale, solicitation or negotiation” of tenant insurance by self-storage facility operators under a limited lines producer's license.

In addition, storage operators can receive a small compensation for insurance sales. The fees can be rolled into a tenant’s rental payment. The insurance provision allows self-storage professionals to offer ancillary insurance plans without a general insurance producer license.

Limited lines laws have already passed in Arkansas and Virginia, and House Bill 980 was recently approved and is expected to be signed into law in Tennessee in a matter of days, according to the national Self Storage Association, which works with state associations to pursue improvements to laws that govern the industry.


comments powered by Disqus