Printed on: 02/16/2019. Please go to http://policy.umn.edu for the most current version of the Policy or related document.
Appendix
Insurance Deductibles
Appendix to Policy
Departmental Deductible Obligations
Departments are responsible for the following insurance policy deductibles:
Insurance Policy | Deductible –
Each Occurrence |
---|---|
Property | $10,000 |
Laptop/Computer Program | $500 |
Employee Dishonesty | $100,000 |
Robbery & Burglary | $100,000 |
Forgery and Fraud | $100,000 |
Computer and Funds Transfer Fraud | $100,000 |
Non-Profit Organization Liability/Employment
Related Practices Liability |
$10,000 |
Claim payments will be reduced by the foregoing deductibles. The Property deductible amount will be allocated on a pro-rata basis if multiple departments are affected by a single insured loss event.
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