Property Loss and Damage Claims
Claim Procedures
- Contact the Office of Risk Management at 515-294-7711 to report property loss or damage as described in the following categories.
- Make emergency repairs to prevent further damage and record all expenses.
- Complete the ISU Property Loss/Damage Notice and send the completed form by mail or fax to:
Office of Risk Management
3618 Administrative Services Bldg.
Ames, Iowa 50011-3618
FAX: (515) 294-3105
Self-Insured Property - Losses to General Fund Facilities and Contents
The University may seek reimbursement of property losses in excess of $5,000 from the State of Iowa pursuant to Iowa Code Chapter 29C:20. Money from the State contingent fund may be requested for repairing, rebuilding, or restoring State property damaged, destroyed, or lost by fire, storm, theft, or unavoidable cause. Losses must be reported within 48 hours.
The University purchases commercial catastrophic property insurance covering academic/general funded facilities with a single incident deductible of $2,000,000, as per the State of Iowa, Board of Regents.
Commercially Insured Property - Self-Supporting, Auxiliary Operations & Facilities
The University maintains commercial property insurance for self-supporting, revenue-producing, and auxiliary facilities which are an integral part of the operations of the University. Insured facilities include the residence halls, Iowa State Center, the utility system, Memorial Union, athletic facilities, and other auxiliary operations.
The commercial policy generally covers such perils as fire, lightning, smoke, theft, explosion, wind, and hail. Deductibles vary from $1,000 to $1,000,000.
Property Insurance Pool - Loss Protection for Equipment and Miscellaneous Property
Departments who have purchased coverage from the ISU Miscellaneous Property Insurance Program (MPIP) should complete the ISU Property Loss/Damage Notice to file a claim.
