Printed on: 08/15/2020. Please go to http://policy.umn.edu for the most current version of the Policy or related document.
AppendixInsurance 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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