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Department Index
Insurance: Fine Arts and Collections  
 
Summary: Review the types of insurance below to select appropriate coverage for fine arts and collections.

Fine arts insurance is available by request through the university's self-insurance program. Fine arts include paintings, etchings, pictures, statuary, tapestries, and other bona fide works of art, historical value, artistic merit, or rarity.

Fine arts are valued at the current appraised dollar amount, which should be listed on the Equipment Asset Management System. Unless you notify EH&S Risk Management in writing of the current declared appraisal of the item, the appraisal value listed with Equipment Management will be used for insurance purposes.

Most fine arts appreciate rather than depreciate. It's the department's responsibility to periodically have fine arts appraised and to submit updated appraisal values to the Equipment Asset Management System.

Review the programs below to determine the appropriate insurance coverage. Select a topic:


Type of coverage
Description
Property program insurance Program details:
  • Coverage is automatic for fine arts listed in UCSD's Equipment Asset Management System at no charge.
  • There are 21 exclusions to this policy.
  • Deductibles:
    • Loss due to damage: $1,000 per occurrence
  • Loss due to theft:
    • $1,000 per forced entry occurrence
    • $5,000 per non-forced entry occurrence
  • Contact Risk Management, (858) 534-2454, for more information.

Related resources:

  • BUS-28, Business Property Self-Insurance Program
Permanent fine arts collections Program details:
  • By-request (optional) coverage
  • There are 2 exclusions to this policy.
  • Additional costs: Items added to the policy cost 18 cents per $100 of value per year.
  • Deductible: $500 per occurrence
  • Contact Risk Management, (858) 534-2454, for more information.

Related resources:

  • BUS-1, Fine Arts Insurance Program
  • Permanent Fine Arts Policy form (PDF) (Word file)
Temporary exhibits Program details:
  • There are 2 exclusions to this policy.
  • Additional costs: Items added to the policy cost $.03 per $100 of value per month.
  • Deductibles: $500 per occurrence.
  • Contact Risk Management, (858) 534-2454, for more information.

Related resources:

If you are a UCSD employee and have questions, contact EH&S Risk Management, (858) 534-2454.



Notice: When a loss occurs, notify EH&S Risk Management, (858) 534-3820, immediately to promptly initiate the insurance investigation and claim process. Use pager number (858) 583-3302 for emergencies only. Take a picture if a camera is available.

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Last reviewed/updated on Nov. 21, 2007 (see more info)
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