Reporting a Hazardous or Concerning Condition Incident Reporting FAQ's Miscellaneous Property Insurance Miscellaneous Property Insurance was established by the university Treasurer's Office to help university departments decrease the amount of deductible paid out on property losses. This form of insurance is only available to university departments. University departments must pay a separate premium for this property insurance. The University of Colorado does not provide coverage for the personal property of tenants in the residence halls or in Family Housing. The University of Colorado maintains insurance coverage for university-owned property or property in the care, custody, or control of the University of Colorado, its agents and employees.
Coverage is provided through a mix of self-insurance and protection from the commercial market.
Large loss and catastrophic coverage is, as mentioned above, purchased from the commercial marketplace, and its cost is subject to the variances of the insurance market. All insurance applies to property abroad or out of state if such property is being used or transported for a University of Colorado function or project. A special policy is purchased to provide coverage for the extensive, costly and large equipment systems in most buildings. Although this policy is also a type of property policy, it provides extended coverage for specific exposures. Typically, this is the insurance that covers, as its name implies, the heating and cooling systems in buildings.