Effective Date: |
September 28, 2016 |
Function: |
Insurance |
Contact: |
The Research Foundation provides commercial property coverage for administrative property and equipment used for sponsored program administration.
Administrative property is property (such as a fax machine) that is usually purchased using funds from a RF funded revenue account and that is used for sponsored program administration. Administrative property does not include administrative property purchased to support general university administration or other SUNY functions.
This document provides guidelines on administrative property insurance and a description of coverage.
The Research Foundation provides commercial property coverage for administrative property and equipment used for sponsored program administration.
Coverage
The corporate policy for administrative property provides coverage in the event of catastrophic loss and coverage for individual loss of:
Deductible
There is a $2,500 deductible per incident or claim under the corporate policy for administrative property. Operating locations are responsible for the deductible.
Inventory
It is important to maintain the property and equipment inventory for each administrative location in the property control system (RAMI) according to the property management guidelines.
None
None
None
Date |
Summary of Change |
September 29, 2016 |
Minor updating and format changes. |
April 3, 2003 |
New document. Replaces PM-A-52 from Property Management Manual. The Research Foundation Property Insurance Policy was extracted and is now in a new document "Property Insurance Policy". |
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