Risk Management & Insurance


UC Insurance

Understanding Your Deductible

Deductibles

Coverage under UC insurance programs and policies for owned property is generally subject to deductibles. These deductibles can change. Current deductibles are as follows:

Automobiles

  • $500 per occurrence for physical damage to vehicles
  • $0 per rental vehicle when vehicles rented under a system-wide contract

Property

  • $5,000 per occurrence for water damage (or 10% if damages exceed $50,000)
  • $5,000 per occurrence for fire
  • $1,000 per occurrence for forced-entry theft
  • $5,000 per occurrence for non-forced entry theft
  • $1,000 per occurrence for university property in transit
  • $1,000 per occurrence for most other covered losses

Boats

  • 1% of insured value subject to $250 minimum
  • Subject to department request for coverage under the vessel schedule prior to loss

Fine Arts

  • $1,000 per occurrence except earthquakes and outdoor sculpture
  • $10,000 per occurrence for earthquakes and outdoor sculpture (each and every loss)
  • Subject to department request for coverage on permanent collections schedule prior to loss
  • Deductible does not apply to items on loan to the University