Leased Space Contents

Property Insurance Options for Leased Space

Is your unit housed in leased space? Have you contacted Risk Management about insuring your contents in leased space? If not, does your unit have funds available to replace damaged contents in the event of a fire, tornado, vandalism, or other loss? Risk Management procures and administers insurance programs on behalf of the University. There are two main programs to insure contents:

  • The master property program policy covers such things as damage due to vandalism, fire, flood, wind, and so on. All University-owned buildings and contents are insured through this program but subject to the policy deductible of $500,000 per occurrence. Contents values, especially in leased space, are typically below the policy deductible amount, so units are given the option of buying down the deductible to $25,000 per occurrence.
  • The computer self-insurance plan covers computers and electronic equipment for basically the same perils as the master property program. The deductible for this plan is $500 per occurrence.

Who to Ask

If you are interested in either program for your contents in leased space, contact the following persons for more information.