Insurance

Items owned by Pacific may need to be added to the university's insurance schedule. Typically this includes items such as rare books valued above $500 and artwork where the monetary value is known.

How to have something added to the insurance schedule, per Michelle Lawrence in May 2021:

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From: Lawrence, Michelle L

Sent: Tuesday, May 11, 2021 1:46 PM

To: Calus-McLain, Martha J; Guggemos, Eva R; Wallace, Zachary S

Subject: Re: Thank you for accepting

​​Hello all,

I have found out that Jim Langstraat's office handles the insurance policies so Johanna Karnes is the best contact.

Johanna has given me the following information that she received from the insurance company:

I just heard from our insurance contact who said that any time there is a donation, that needs to be added to the University’s coverage, we would just need an email from you or the department (copying you), with the details of the item, value and where it will be located. You would want to make sure myself or Jim are copied so that the Insurance company knows you we are aware of the change and give authority to add.

​

In this case something along the lines of:

Please add the following:

Antique Maps

Value $500,000 (just a figure)

Located in Marsh Hall archives

Donated by John Smith on x date​

To get coverage based on actual cash value (w/depreciation) having Eva give our Insurance Company an estimated cost would be ok but in order to get guaranteed value (without depreciation) the carrier would need to get a formal appraisal.

Thanks everyone,

Michelle