How Do I Obtain Inland Marine Insurance?
Inland Marine Insurance is an optional coverage similar to the Master Property Policy, but offers a lower deductible of $50.00 per occurrence. Departments wishing to insure items under the optional coverage can do so by contacting the Risk Management, Insurance, and Safety Department. Each item to be insured must show its replacement value, serial number, and/or State tag number, if assigned. This coverage is used to insure property subject to theft or breakage, or property that is frequently transported.
To add or delete items at other than the annual renewal, complete the request for Inland Marine (IM) Insurance form and submit to Risk Management and Insurance (RM&I). This form is available electronically, Insurance Request Form (MS Excel required), and all departments who are currently enrolled in the IM insurance program have been sent the request form. If you do not have the form, contact RM&I and we will send one to you. Send your add or delete IM request form back to RM&I as an attachment to e-mail. Coverage becomes effective when RM&I submits the schedule for IM coverage to the State Office of Insurance Management.
The following items are not eligible for Inland Marine coverage:
- Real Property or Buildings.
- Automobiles or vehicles licensed for the road.
- Mobile equipment of any nature (mobile equipment is any motorized equipment not licensed for highway use).
- Consumable Properties.
- Property held in inventory (Items discovered missing after an inventory check).
In Event of Loss
- Notify Risk Management and Insurance, ext. 3012 or 3636. We will need the item's serial number or State tag number.
- Complete the STATE OF IDAHO PROPERTY LOSS REPORTING FORM (MS Word required) and email it to Office of Risk Management.
- Obtain two (2) estimates for cost of repair. If the item is not repairable, statements indicating the item cannot be repaired are required. Non-repairable items require estimates for replacement. Estimates must be for a similar or like item.
- Forward by mail or fax ESTIMATES FOR REPAIR, (or statements of non-repair and replacement estimates) to Risk Management and Insurance at mail stop 1245 located at 1607 Univerity Drive (Lincoln Parking Structure).
Any questions about this optional University Inland Marine insurance coverage should be directed to Breck Skinner, BSU Assistant Risk Manager at (208) 426-5955 or via email