NRS 683A.186 - Certain written or electronic materials required to be made available to occupant or prospective occupant. [Effective July 1, 2020.]

NV Rev Stat § 683A.186 (2019) (N/A)

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A licensee shall not offer, sell, solicit or negotiate personal property storage insurance unless the licensee makes readily available to the occupant or prospective occupant written or electronic materials that contain:

1. The actual terms of the insurance coverage, or a summary of the terms of the insurance coverage, including, without limitation, the identity of the supervising entity.

2. A conspicuous disclosure that the insurance may provide a duplication of coverage already provided by an existing policy of insurance.

3. A description of the process for filing a claim in the event the occupant elects to purchase coverage and experiences a covered loss.

4. Information regarding the price, deductible, benefits, exclusions, conditions and any other limitations of the insurance.

5. A statement that the purchase by the occupant of personal property storage insurance from the licensee is not required to rent storage space.

6. A statement that the licensee is not authorized to evaluate the adequacy of any existing insurance coverage of the occupant, unless the licensee is otherwise licensed to perform such an evaluation.

7. A statement that the occupant may cancel the insurance at any time, and any unearned premium must be refunded in accordance with applicable law.

(Added to NRS by 2019, 1222, effective July 1, 2020)

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NRS 683A.1865 - Satisfaction of insurance requirement by occupant or prospective occupant as condition of rental agreement. [Effective July 1, 2020.]