Insurance: Basic Property Coverage
Last Updated: September 21, 2020 2:17:17 PM PDT
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Read about items and events covered by the university's basic property insurance and how to submit a claim for damage or loss.
All UC San Diego departments automatically have basic property insurance for theft, loss, or property damage.
What's covered
Items qualify for coverage if they are:
- Owned by the university (items are covered worldwide)
- Valued, minus depreciation, at more than the deductible
- Damaged or lost due to a limited list of situations, including:
- Fire
- Windstorm
- Hail
- Explosions
- Riots
- Vandalism
- Certain kinds of theft
- Certain kinds of water damage
Deductibles
Departments are responsible for paying deductibles, as follows:
- Theft:
- Forced entry: $1,000 per occurrence
- Non-forced entry: $5,000 per occurrence
- Fire or flood damage: $5,000 per occurrence
- Domestic transit (claims under $100,000): $250 per occurrence
- Other situations (including accidents, vandalism, etc.): $1,000 per occurrence
Incidental coverage
Some costs incurred after an incident may also be covered, including the following:
- Demolition costs
- Overtime pay
- Storage costs
What's not covered
These items and costs are not covered:
- Employees' personal property
- Research material
- Moving costs
- Regular payroll
- Repairs to the source of damage
Guidelines and restrictions
Note the following guidelines and restrictions:
- Damaged equipment must be repaired, if possible.
- If the item can't be repaired, you must submit verification from an outside vendor with your claim.
- Items that are lost or can't be repaired will be replaced only with items of like kind and quality.
- If an item can't be repaired or replaced, the department will receive the item's actual cash value (as determined by Risk Managment).
How to file claims
Notify Risk Management, (858) 534-2454, as soon as possible. Step-by-step instructions for the claim process:
Loss prevention
- Contact Risk Management, (858) 534-2454, for information about loss control measures and free security surveys.
- See Does Your Department Have Adequate Insurance Coverage?
Related policy
For additional details and exclusions, see BUS-81 (PDF) Insurance Programs, the official document for property self-insurance.
For more information, contact Risk Management, (858) 534-2454.
When a loss occurs, notify Risk Management, (858) 534-2454, immediately to promptly initiate the insurance investigation and claims process.