Departments have the option of reducing the amount of the theft deductible required under the basic insurance by purchasing additional coverage. As coverage is for theft only, exclusions are all other perils. Equipment is not covered on a short term basis.
Equipment is covered on a yearly basis.
When purchasing equipment you may request temporary insurance for two weeks, free of charge, prior to the equipment arriving on campus. Once the equipment arrives on campus you then need to make a decision on whether or not you would like to purchase the additional theft insurance. Newly Acquired Equipment - Additional Theft insurance can be purchased through out the year. If the request for insurance is made after the charges have been assessed for the year then you are not being charged for that year but are agreeing to keep the equipment on the insurance list for the next fiscal year. Yes, UCD Inventory is covered by basic insurance.