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The College's property insurance policy covers College property losses resulting from fire, damage caused by flooding or earthquake and other lesser perils. The blanket policy carries a large deductible. In self-funding this deductible amount, the College maintains a property insurance reserve, managed by OIRMI, which can be drawn upon for major repairs and replacements when needed to continue programs.
If any department has College property stored or maintained at a non-College-owned location, an inventory listing should be provided to OIRMI for separate insurance coverage, as appropriate.
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