What are the Property Programs?
OIRM administers the Property, Auto Property Damage, Fine Arts and Marine programs for UCLA. Because each type of property has different characteristics, OIRM maintains a separate program for each one.
Whose property is Covered by the Property Programs?
These programs cover property that is owned by the University. Under certain conditions, property that is in the care and custody of the University may also be covered by the Property Programs.
What is covered by the Property Programs?
Property Programs will pay to repair or replace various types of University property which is damaged or stolen. Deductibles, types of incidents covered, methods for securing coverage and premiums vary by Program:
The All-Risk Property Program covers general University property such as buildings, furniture, equipment and computers. Coverage is automatic for all University owned property, and deductibles vary by the type of incident causing the loss.
To supplement the All-Risk coverage, the Deductible Buy-Down Program covers the same type of property as All Risk and additionally provides a lower deductible for theft losses. Coverage must be requested from OIRM, and all deductibles are the same as All-Risk except for the lower theft deductibles. A premium is charged once per year.
The Auto Property Damage Program covers physical damage to University vehicles. Coverage is requested by registering the vehicle with Fleet Services, and one deductible amount applies. A premium is charged once per year. (Note: property damage to non-University vehicles caused by a University vehicle is covered by the Liability Programs.)
The Fine Arts Program covers works of fine art collections owned, loaned, or
borrowed by the University. It provides broader coverage than The All-Risk Property Program coverage. There are three types of Fine Arts Coverage: Permanent Collections Coverage, Domestic Exhibits Coverage and Foreign Exhibits Coverage. Coverage must be requested from OIRM for all three types of coverage in advance of the effective date. Coverage for shipment of Domestic Exhibits in excess of $500,000 requires two (2) week prior approval from UCOP. Coverage for Foreign Exhibits requires thirty (30) days prior approval from UCOP. All requests for coverage and required documentation must be submitted to OIRM within the appropriate time frames.
The Marine Program covers sailboats, rowboats and other marine vessels. Coverage must be requested from OIRM, and deductibles vary by type of vessel. A premium is charged once per year.
How do I report a property damage claim?
If your department has suffered an All-Risk, Deductible Buy-Down, Fine Arts or Marine Property loss, please contact OIRM to file a claim. If your department has suffered an Auto Property loss, please report the incident immediately to
Fleet Services.
Are departments being charged for the Property Programs?
UCLA participates in the University of California Self-Insurance Property Programs, which includes the All-Risk, Deductible Buy-Down, Auto and Marine Property Programs. Presently, premiums are being charged only to departments who use the Deductible Buy-Down, Auto and Marine Programs. UCOP will start charging UC locations for their share of the All-Risk Program costs starting in FY 1999-2000. Please visit the Risk Financing & Departmental Charges page for further details.