Equipment Insurance

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Equipment Insurance

• WMU Business Services

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Historical Information

• University property deductible from 50,000 to
  100,000 depending on Property Program.
  Currently it is 50,000.
• Departmental equipment would be covered if the
  loss is over deductible (catastrophic loss).
• Equipment losses under deductible are the
  responsibility of the department.

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Examples of Equipment Covered

• Fine Arts
• Trophies
• Fine pieces of furniture
• Special musical instruments
• Business Electronic Equipment
• Computer Equipment/Laptops
• Copiers
• Printers/Fax Machines

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Examples of Equipment Covered

• Scheduled Equipment
• Sail Boats
• Gravity Meters
• Specialized Scientific Equipment
• Miscellaneous Coverage
• In-Transit Coverage
• Permanent Art/Sculpture Tour

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Covered For

• Theft
• Fire/Flood
• Any Other Physical Damage
• I dropped my laptop
• I ran over my laptop
• Very Broad Coverage

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Not Covered For

• Not a warranty
• Not for equipment failure
• Computer viruses not currently covered

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Item/Equipment Price Rates
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Item/Equipment Price Examples
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Item/Equipment Price Examples
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Equipment Insurance F/Y Detail

• Fiscal Year Total Value Total Losses
• 2001/2002 5,119,524 7,356
• 2002/2003 5,813,762 44,525
• 2003/2004 5,624,832 2,601
• 2004/2005 5,235,027 5,700

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Questions?

• For more details see the Business Services
  website at
• http//www.obf.wmich.edu/business-services/