Shipping Insurance Shipping Insurance Shipping of University property introduces special insurance issues that departments need to consider well in advance of the actual shipment. There are distinctly different requirements for University owned property, versus non-owned property for which we are assuming shipping and handling responsibility. The University's property coverage is comprehensive. What this means is that additional shipping insurance for University owned property is usually not necessary, provided a loss event can be properly documented. The University owned the property.
Acceptable evidence includes purchase documents, inventory records, and gift reports.
The value of the property at the time of loss. Evidence of the current value of like kind items and age are necessary. Evidence of the nature of the loss. Of these, evidence of the loss can be problematic for several reasons. Similarly, the receiving department may dispose of a shipment that is received damaged, not realizing that the damaged goods are need as evidence of the loss.