If any department has College property stored or maintained at a non-College-owned location, an inventory listing should be provided for separate insurance coverage, as appropriate.
Any property damage loss should be reported to the Office of Risk and Internal Controls Services as soon as possible. $1,000 of the replacement costs for a loss, within the College's deductible, will be charged to the specific department and the balance covered through the property loss reserve account.
Please contact the Office of Risk and Internal Controls Services for questions at (603) 646-3839.
It is important to understand that the College's fire, crime, equipment floater and data processing insurance policies protect only College-owned property. The personal property of students, faculty and staff in College buildings is not covered under the College insurance programs. It is strongly recommended that individuals who have their own personal property (including art, rugs, books, computers, etc) in their offices, studios, labs, dorm rooms, etc., purchase their own insurance to cover these items, or assume the risks which are inherent. Homeowner's or renter's insurance may provide the necessary protection, but any coverage should be verified from the individual's insurance provider.
Anyone negotiating contracts to rent or lease property or equipment on behalf of the College should be mindful that insurance coverages often required by the lessor may NOT be a part of the College insurance program. If the terms of a lease/rental contract require insurance coverage, The Office of Risk and Internal Controls Services should be consulted BEFORE finalizing the agreement.
Last Updated: 3/20/09