Insurance for Shipments
The University’s normal property insurance already provides coverage for freight shipments, including items in transit, with a deductible of $25,000. Risk Management can also arrange for special cargo insurance with a deductible of $1,000 if the unit feels it’s necessary, at a lower cost to the unit than what the shipping firms normally charge (but the minimum insured value per shipment for this program is $50,000).
THERE SHOULD BE NO NEED TO ACCEPT THE SHIPPER’S ADDITIONAL INSURANCE UNDER ANY CIRCUMSTANCES.
If you have questions concerning insurance coverage, or want to take the special coverage with a lower deductible, feel free to contact David Snowe (863-4241) or Caryl Fisher (863-5545) in Risk Management.