Equipment Insurance
What Equipment Can I Insure?
Equipment Insurance
What Can Be Insured?
What Can’t Be Insured?
What Is It Insured Against?
What Is It Not Insured
Against?
Foreign Location
Differences
Transit
Disclaimer
The department is responsible for deciding if an item is eligible for insurance coverage and requesting it.
Domestic coverage applies within the continental United States, Alaska and Canada. Most other locations are
considered foreign
locations. Please contact Risk Management for information regarding shipments to or from Hawaii or Puerto Rico.
There are changes to coverage territory effective at the 11.1.07 Renewal.
Please see News, Changes for updated information.
This is a representative list:
- Computers
monitors, printers, hard drives, modems, laptops, handheld devices/PDAs, licensed software.
- Scientific equipment
spectrometers, microscopes, laboratory balances, etc.
- Audio-visual equipment
camcorders, cameras, fax machines, cell phones, TV’s, VCR’s, overhead projectors,
etc.
- Fine art, not to exceed $100,000 in value per item (excluded in foreign
locations.)
- Office equipment
(e.g., photocopiers, fax machines, telecommunications systems)
- Equipment purchased on federal grants or contracts
- Loaned or leased equipment
- Employee-owned computers if:
- Approved by department chairperson;
- Usage is appropriate to the work assignment;
and
- Located at UW campus location or research facility (not at employee residence
or in transit to or from).
- Aircraft, watercraft, motor vehicles,
- Real estate and buildings,
- Office furniture or supplies,
- Loss of data.
- Fire, floods, lightning, earthquake, volcanic eruptions,
- Accidental damage,
- Theft and damage during a theft,
- Vandalism
- Marine cargo shipments;
- Domestic transit with a total value greater than $100,000, unless approved by Risk Management;
- Shipments by U.S. and foreign mail
(UPS and carrier companies are covered);
- Waterborne exposures (lost at sea, dropped overboard, river or lakeside
water damage);
- Dishonest, fraudulent, or illegal acts by university
employees;
- Unexplained disappearance or shortage found upon taking inventory;
- Defective design or faulty material;
- Electrical or mechanical breakdown
or damage;
- Wear and tear, gradual deterioration;
- War or terrorism;
- Nuclear explosion or war.
Exclusions exist when equipment is
located in foreign countries (this does not include Canada). Please contact Risk Management for information regarding shipments to or from Hawaii or Puerto Rico. Coverage is
excluded for:
- Fine arts;
- Delays in transit;
- Transit with a total value greater than $300,000;
- Transit via ocean-going vessels;
- Government action (e.g., seizure by
customs);
- Damage by termites or other insects, wet or dry rot or vermin;
-
Property in countries covered by US trade sanctions.
Premium rates are different
for foreign locations.
Equipment may be covered while in transit from one place to another,
unless it is personally-owned or it is being shipped through the postal
service. There are dollar limits on what may be insured.
For transit within the continental United States, Alaska and Canada, the
limit is $100,000. Shipment to or from a foreign location
is limited to $300,000 and coverage is for air shipment only.
Please contact Risk Management for information regarding shipments to or from Hawaii or Puerto Rico.
To ship equipment with a replacement value exceeding the limits, or a
marine shipment, contact Risk Management.
Marine Cargo Shipment Reporting Form
The Equipment Insurance Program is subject to the terms and conditions of the
insurance policies on file in Risk Management.
