Sec. 5. (a) As used in this chapter, "self-storage insurance" means: (1) insurance that provides insurance coverage for the loss of, or damage to, tangible personal property that is contained in storage space or in transit during a self-storage rental agreement period; or (2) other coverage that the commissioner approves in connection with the rental of storage space. (b) The term does not include any of the following: (1) A homeowner's insurance policy. (2) A renter's insurance policy. (3) A private passenger motor vehicle insurance policy. (4) An insurance policy that provides coverage similar to the insurance provided by a policy described in subdivisions (1) through (3).
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