All Risk Insurance

The All Risk policy insures property items not covered by the State Owned Building and Content Property Agreement. The following coverages are available: Money & Securities, Fine Art, Hull, Non-State Owned Property, and Transient State Property. UGA is billed an annual premium for All Risk coverage. Transient Equipment and Non-Owned State Property are insured for 20 cents per $100 value and Fine Art is 35 cents per $100 value, in FY2009, Fine Art will be 38 cents per $100 value. The deductible on claims is $1,000 per occurrence unless otherwise stated. Hull (watercraft) is insured for $2.00 per $100 value. The deductible for hull claims is 10% of the total value of the damaged vessel. The mysterious disappearance of an item is not a covered cause of loss.

Money & Securities
The coverage includes cash, fraudulent credit card usage or valuables of certified clients, patients or students when the items are in the written documented care, custody or control of UGA. There is no deductible for a Money & Securities claim.

Fine Art
Coverage is for appraised values of works of art, antiques, or artifacts owned by the University or in the University’s care, custody, or control. A written care custody or control agreement must exist for substantiating a claim.

Hull
Coverage for aircraft or watercraft owned by UGA.

Non-Owned State Property
Non-owned state property in a department’s care, custody or control for which the University must assume responsibility for loss or damage can be insured under the All Risk policy.

Transient
Transient coverage applies to State owned property that is loaned to an authorized individual to perform authorized State business. An authorization for off campus use form must be on file with the Property Control Office prior to the equipment being removed from the building or the campus. Transient coverage also includes "off road type equipment" that is excluded from the vehicle policy (i.e., backhoe, golf cart, tractor, etc.)

Where the cause of loss is burglary, "Burglary" must be constituted with signs of forcible entry into a building or structure. There must be evidence of forcible entry. The Covered Property must be protected by a security device(s). Any and all security device(s) must be engaged at the time of the "burglary". There must be evidence that the security device(s) were engaged and circumvented or defeated at the time of the "burglary". If there is no evidence of forcible entry, a loss to Covered Property can also be considered "burglary" if the Covered Property was secured by means such as chains, locks, cables, or bolts and there is evidence of forced removal.

All property losses or damage to items insured under the All Risk policy must be reported to the University of Georgia Police immediately. If your department is not located on the main UGA campus, please contact your local police department. Report all claims to the Risk Management Office within 48 hours of the incident via email. All Risk claims are processed by Judy Baxter. Judy Baxter's email address is jbaxter@uga.edu and Judy's phone number is 706-425-3083.