Insurance for Shipments

The University’s normal property insurance already provides insurance coverage for freight shipments, including items in transit, with a deductible of $25,000 per loss. Risk Management can also arrange to purchase special cargo insurance with a deductible of $1,000 if the unit feels it’s necessary, and usually at a lower cost to the unit than what the shipping firms normally charge (the minimum insured value per shipment for this insurance program is $50,000).  

If you have questions concerning insurance coverage, or want to purchase the special cargo insurance coverage with a lower deductible, feel free to contact David Snowe (863-4241) or Kim Hannon (863-5545) in Risk Management.