What is covered
Covers rare books (over $1,000 per book), fine arts, collections and items of artistic value which are owned by or entrusted to (on loan to or loaned by) the U of A whilst on premises, in temporary storage or in transit.
These items MUST be reported to the Office of Insurance & Risk Assessment in order to be covered by this policy. These items have to be specifically declared to our insurers.
What is not covered
- Buildings, equipment and tools, furniture and fixtures
- Wear and tear, gradual deterioration
- Shipment by mail
- Mysterious disappearance or unexplained loss or shortage
An internal deductible may apply to a faculty, department or ancillary unit regardless of the amount of the claim. Whether or not a deductible amount applies will be determined based on the reason(s) for the loss(es) and consideration of the loss(es) as preventable or non-preventable.