What are the deductibles under the UC Property Insurance Program?
The deductible is $1,000 for all perils with the following exceptions: • $5,000 per occurrence for water damage (90% of claim funded for losses in excess of $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. • $250 for losses occurring during transit. If the carrier pays all or a portion of the claim, the self-insurance program will pay the remaining amount of claim with no deductible applied.
