The University participates in the State Risk Management Program for property insurance coverage. Property coverage includes: Buildings, Contents, Mobile Equipment, Stock and Supplies, Business Interruption, Rental Income, Extra Expense, Tuition or Fees, Builders Risk, and Fine Art. The property policy has a $2,000 deductible
for covered events.
Losses arising from an explosion of a steam boiler, turbine, steam engine; or mechanical breakdown or failure may fall under the State's Boiler and Machinery coverage, which has a $5,000 deductible
See APM 05.02
for UI's Property Insurance Policies and coverage.
Reporting New Property, or Updates and Adjustments to Risk
1. Building, Contents, Mobile Equipment, Stock and Supplies
: Complete a Property Value Adjustment
2. Fine Art
: Complete a Fine Art Insurance Request
3. Builders Risk
: Coverage is not always automatic. Project managers can complete a Builder's Risk Application
4. New Locations
: Complete a COPE
form. (COPE = Construction, Occupancy, Protection and Exposures)
5. Business Interruption and Loss of Rents
: Complete a Business Interruption and Loss of Rents
coverage form when applicable.
Submit forms to Risk Management
; Fax: (208) 885-7001
For questions about submitting a property claim, refer to "Submit a Claim
" for forms and information.
Questions regarding the coverage for property, business interruption or property claims, review the Administrative Procedures Manual (APM 05.02
). Or contact Risk at (208) 885-7177; firstname.lastname@example.org