HB 17-1263

House Bill 17-1263, which has been signed into law, allows owners or operators of self-storage facilities in Colorado to offer basic insurance policies to their customers. This insurance would cover the personal belongings stored by customers within these facilities. The bill impacts both storage facility owners and people who rent spaces for storing items like furniture or boxes. Since it's signed, this means that storage facility owners can now apply for a special license from the state’s insurance commissioner to offer such insurance services to their clients.

Official Summary

The bill authorizes the commissioner of insurance to issue a license that allows an owner or operator of a self-service storage facility to offer limited lines insurance to the occupant of self-storage space at the facility to cover the occupant's personal property that is stored in the self-storage space. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Votes