What is the insurance coverage for missing, stolen, or damaged owned or non-owned property?
The University’s Property Insurance coverage responds to the loss of all owned or non-owned property in the care, custody or control of Princeton University. A deductible of $1,000 may be charged back to departments depending upon the nature of the loss. Insurance reimbursement for losses of owned property is made on a repair/replacement basis. In order for the ORM to consider a claim, the following must be received: • Public Safety/Police Report or detailed narrative of the event giving rise to the loss. • Proof of ownership (i.e., copy of the original purchase order for the property and paid invoice). • Evidence of replacement of and/or repair cost to the property. • In the instance of non-owned property, a copy of the agreement between the property owner and the University and the Public Safety report.
Related Questions
- If an employee brings their personal equipment or property for use at work and it is damaged or stolen, is it covered by the University property insurance program?
- What is the insurance coverage for missing, stolen, or damaged property owned or leased by the University?
- What is the insurance coverage for missing, stolen, or damaged owned or non-owned property?
