All Risk Insurance covers State owed property in-transit, personal property and property on loan or rent to the Institute. Rent Transfer of property, not title, for a specific time period as specified by written contract. Property is in care, custody and control of Institute. Lease Long term rental usually 30 days or more. Consignment Property in care, custody and control of Institute, but for specific reasons.
Consigned property is usually a sales or marketing ploy.
Procedure An applicant can be any staff, faculty member or student. Applicant requiring Certificate for State-owned property shall obtain a blank Loan Agreement form either from their Department Head or Capital Assets Accounting. Send original to Capital Assets Accounting with copy to Department of Risk Management, Mail Code 0259. For personally-owned property or property on loan to the Institute send a memo which has written concurrence of Department Head or Lab Director to Risk Management. Include name of owner, GA Tech building and room location where equipment will be kept or other location if applicable.