Deductibles

  • $500 per occurrence for physical damage to vehicles  
  • $0 per rental vehicle for vehicles rented with a system-wide contract
  • $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
  • $1,000 per occurrence for university property in transit
  • $1,000 per occurrence for most other covered losses 
  • 1% of the insured value subject to a $250 minimum for boat losses - coverage for the boat must be requested prior to a loss
  • $1,000 per occurrence except earthquakes and outdoor sculpture & $10,000 per occurrence for earthquakes and outdoor sculpture (each and every loss) for fine art - coverage for the fine art must be requested prior to a loss

Deductibles may change; the deductible will be determined by the insurance terms and conditions in force at the time of loss.