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).