Five College Risk Management

Property Insurance - Personal

The College does not assume liability for any loss of, or damage to, personal property that employees or faculty may bring onto campus. This includes accidental loss including without restriction water damage, fire, smoke, or theft. Personal property is brought onto campus for the convenience of the employee, and at the employee’s own risk. Employees are strongly urged to check with their personal insurance agent to secure coverage and determine appropriate limits.

Under no circumstances will the College be responsible for any loss of art, rare or irreplaceable books, manuscripts, antiques, jewelry, cash, securities, valuable papers such as deeds, furs, items that have only personal value, or other unique items.

For policy information on damage to personal vehicles, see Personal Vehicles.

If you believe the College is responsible for your loss, you must file a written claim with the Office of Risk Management as soon as possible and within 30 days of the loss. The claim must include:

  • Your name
  • Campus address
  • Home address
  • Date of loss
  • Cause of loss
  • Items lost or damaged (describe, including age, condition and value, and whether they can be repaired or must be replaced.)

The College reserves the right to inspect the loss or claimed items. If the College determines that it is responsible for the loss, it will reimburse for the cost of repair or the adjusted value of the item (actual cash value). Employees are responsible for minimizing the loss or damage to their property. Employees will not be compensated for any time spent in minimizing a loss (for example rescuing wet items and carefully drying them); depreciated value of an item that is still functional or useable; or the time to recreate an item (e.g. retyping a document due to failure to back up computers).

If you need insurance, and you are not able to arrange coverage under your homeowners’ or tenant’s policy, the Office of Risk Management recommends contacting:
CSI Insurance Agency, Inc.
316 Maxwell Road, Suite #100
Alpharetta, GA 30009 
Tel: (888) 411-4911
Fax: (678) 832-4910
Email: info@csiprotection.com
www.csiprotection.com

This company offers an excellent “All Risk” coverage for students and staff, and has very broad coverage for laptops and other portable items.
Any policies that may be purchased are not reimbursable College expenses.