Institutions that closed abruptly and sent students home as a result of COVID-19 may find themselves in the custody of student personal belongings left behind in residence halls. 

Traditional property insurance policies may not be the most effective way to transfer this new risk.Gallagher’s student personal property insurance protects students’ belongings from unexpected loss during this period of uncertainty. Our in-house claims handling services will efficiently manage the claims likely to arise, saving your institution both money and time.

Uncovered Exposures

Student personal property left behind on campus or stored on behalf of students may be considered property in your care, custody and control. Institutions could be held responsible for loss as a result of:

  • Traditional perils, such as fire, water damage, theft, smoke, etc.
  • Damage to property while being packed by university staff
  • Transportation of property, if shipped back to students
  • Accidental damage

Our Solution

Short-term Master Student Property program: Policies are written on a broad-form or named-perils basis and rated on number of students reported. Each reported student receives their own per-occurrence limit and deductible. Our coverage and low deductibles are designed specifically for this exposure. This solution is a great way to supplement an institution’s existing insurance program, while providing students with the much needed peace of mind that their belongings are insured while they are away from campus.

Claims Administration:
Gallagher’s student personal property insurance programs are supported by our in-house claims team. For any claims that arise, we work directly with students to collect information, adjust, and pay claims. This service is designed to ease the administrative burden on our clients’ risk management departments.

Disclaimer: Gallagher provides insurance, risk management and consultation services for our clients. When providing analysis and recommendations regarding potential insurance coverage, potential claims and/or operational strategy in response to national emergencies (including health crises), we do so from an insurance/risk management perspective, and offer general information about risk mitigation, loss control strategy and potential claim exposures. Any statement or information provided is for informational purposes only and is not intended to be, nor should it be interpreted as, medical, legal or client-specific risk management advice. The general insurance descriptions and other information contained herein does not include complete insurance policy definitions, terms and conditions and should not be relied on for coverage interpretation. Policy-specific terms and conditions dictate whether coverage applies to any particular risk or circumstance, and this information in no way reflects or promises individual client or policy specific insurance coverage outcomes.

Insurance brokerage and related services to be provided by Arthur J. Gallagher Risk Management Services, Inc. (License
No. 0D69293) and/or its affiliate Arthur J. Gallagher & Co. Insurance Brokers of California, Inc. (License No. 0726293).
© 2020 Arthur J. Gallagher & Co.