Students walking to class

Insurance Examples

Scenario- fire damage

My chemistry experiment on the Oxford Campus caught fire due to an improper mixing of chemicals and the sprinkler system ruined a $50,000 piece of equipment. What will the department deductible be?

Insurance Determination

The University will replace the equipment and the departmental deductible is $5,000.

Scenario- fire damage

A fire in Pearson Hall destroyed my laboratory and all equipment that I use for my research. Will the University repair the building and replace my equipment?

Insurance Determination

The University will repair or replace the building and equipment and the departmental deductible is $5,000.

Scenario- vehicle accident

A faculty member crossed the center line in a departmental van and hit another vehicle causing damage to the vehicle and the other driver sustained injuries. What costs must the department pay?

Insurance Determination

Since the vehicle belongs to the deaprtment and the losses were due to a university driver, the department will pay a deductible of $1,000.

Scenario-rental vehicle accident

A faculty member crossed the center line in an Enterprise rental van and hit another vehicle causing damage to the vehicle and the other driver sustained injuries. What costs must the department pay?

Insurance Determination

The Enterprise rental agreement includes insurance. There is no departmental deductible.

Scenario- rental vehicle accident

A staff member has an accident in a rental vehicle rented from someone other than Enterprise or National and declined insurance Insurance Determination at the time of the rental. The accident causes damage to the rental vehicle. What costs must the department pay?

Insurance Determination

Miami University policy requires the acceptance of liability and property damage insurance on all rentals; therefore the department will be responsible for the full price of the repairs.

Scenario- electrical surge

Due to an electrical surge caused by a Duke Energy transformer, a $50,000 piece of equipment in the Engineering department was rendered unusable. Will the University's insurance cover the replacement cost?

Insurance Determination

Yes, subject to a $5,000 deductible paid by the department.

Scenario- theft of a personal item

I brought my personal laptop to work and it was stolen from my office. Will Miami University reimburse me for the loss?

Insurance Determination

No, Personal items such as cameras and laptops are not covered by Miami University's insurance unless they are required as a condition of employment.

Scenario- theft 

The University's tennis team was traveling in a rental van. The van was broken into during dinner and the coaches and students lost personal computers, a University laptop and $4,000 in cash. Will the University's insurance reimburse for the loss?

Insurance Determination

The University does not cover the loss of student or employee personal property. Any amount of University cash and property lost would be subject to the auxiliary deductible of $100,000.