At the end of 2014, Ohio Governor John Kasich signed House Bill 430 into law. This bill has established a means for self-storage operators to offer tenant insurance to their customers over-the-counter.
There are requirements involved for offering the tenant insurance. The state of Ohio now requires that self-storage employees, who are authorized to offer tenant insurance, undergo a training program in accordance with state regulations. If you are offering tenant insurance it is best to contact your insurance provider and ask if any training if offered in order to be in compliance with this law.
In addition to training, self-storage owners will need to complete and file a Self-Storage Business Entity License Application. There is a non-refundable application fee of $10.00 due to process the application. To pay the fee, a check or money order can be made payable to the State of Ohio Treasure.
If you are offering tenant insurance, check with your insurance company in order to determine their credentials in your state. If you have any questions or concerns about this law, about the Limited Licensing application process please do not hesitate to call or email.
Self-Storage Business Entity License Application: Self-Storage Business Entity License Application
For a detailed Summary on House Bill 430 please visit: Ohio General Assembly Archives
Not in the state of Ohio? Check out this Limited License Information to see if your state requires any additional licensing.
Andrea enjoys helping others as an Operations Analyst for the U-Haul Self-Storage Affiliate Network. Along with her duties as an operations analyst, Andrea manages the U-Haul Self-Storage Affiliate Network’s social media pages. She is currently studying at Gannon University earning her MBA in Marketing and has previous experience in marketing and event planning. In her free time she enjoys going bowling and has recently hit her highest score of 150.