Safety Services
Sections
In this section
Safety Services

276 Hoagland Hall
Davis, CA 95616

 
Safety Services > Risk Management > Transit Insurance (BUS-28C)
Personal tools

Transit Insurance (BUS-28C)

EXCLUSIONS:

Shipment of fine arts on and off campus. Movement by the U.S. Postal Service if wholly within the continental United States (including Alaska) and Canada.

PREMIUMS:

Current Premiums:

    • Domestic Household Moves and Shipments over $100,000: $0.15 per $100 Value (See Note Below)
    • Foreign Shipments: $0.15 per $100 value plus surplus lines taxes and fees. (See Note Below)  

DEDUCTIBLES:

Foreign Shipments:

    1. $250 each shipment.
    2. $500 shipment of vehicles.
    3. All others:

None if payment or partial payment received from carrier, otherwise, $250 each shipment.

SECURING COVERAGE:

Domestic Shipments

Under $100,000: None, coverage automatic. Domestic Shipments Over $100,000 and Shipments of Employees Household goods:

    1. Send a memo listing: 
    2. Date of Shipment
    3. Carrier name
    4. How shipment is packed
    5. By whom the shipment is packed
    6. Department name and Contact
    7. Chart of account and account to which the premium is to be recharged.
    8. Itemized inventory of shipment which includes values
    9. Copy of purchase order when arranged through purchasing
    10. Copy of shipping memo when arranged through Central Stores/Receiving

Foreign Shipments:

Same information as above, but include a completed "Open Cargo" form.

NOTE: On all shipments, value should include freight charges, taxes and any other additional costs involved with the shipment (i.e.: special shipping containers). For foreign shipments, also add fifteen percent (15%) to the total value.

CLAIMS:

When a loss occurs and all program requirements are met, Risk Management Services will request funding for repair or replacement from the Office of the President, Risk Management.

 

Departments are responsible for notifying Risk Management Services within 24 hours upon discovery of loss or damage. Reporting procedures are outlined in Section 350-85. These reporting procedures must be followed even if no reimbursement from the program is requested.

If the property loss or damage is eligible for funding, Risk Management Services must forward claim documentation to the Office of the President, Risk Management within 60 days of the date of occurrence. Claims filed at a later date may be subject to partial funding or declination. In no event will any loss be funded if reported later than twelve months from the date of occurrence. Therefore, it is of the utmost importance that the department notify Risk Management Services so that the proper documentation may be forwarded as soon as possible after the loss.