Policy: Housing Resident Claims Reimbursement
|Date: 04/01/04||Policy ID: FIN-005||Status: Final|
|Contact Office:||Risk Management|
|Oversight Executive:||Executive Vice President and Chief Operating Officer|
|Applies To:||Academic Division.|
|Table of Contents:|
|Reason for Policy:||To provide a process whereby a University-housing resident who has suffered a loss of tangible personal property may be reimbursed.|
|Definition of Terms in Statement:||Tangible personal property: Items belonging to residents that can be photographed and where evidence of damage to the property is visibly apparent.|
A University-housing resident who has experienced a monetary loss to tangible personal property as a result of an act or an omission by a University employee performing his/her duties may be reimbursed for such loss.
For those incidents involving damage to or theft of personal property of $500 or less, the resident should contact the Housing Division to start the claim process.
If the Office of Property & Liability Risk Management concurs and approves the claim, the Housing Division will process the claim and issue a check to the resident.
This policy does not apply to bodily injury situations or personal property damage over $500. In these instances, the Housing Division must complete an Incident Report Form and send or fax the form to the Office of Property & Liability Risk Management for further review and processing.
|Procedures:||Procedure 7-80 -- "Completing an Insurance Incident Form"
Procedure 7-82, "Reimbursing Housing Resident Claims."
|Major Category:||Finance and Business Operations|
|Category Cross Reference:|
|Next Scheduled Review:||04/01/13|
|Approved By, Date:||Policy Review Committee, 04/01/04|
|Revision History:||Updated 4/8/11, 5/3/07.|
|Supersedes (previous policy):||Reimbursement of Housing Resident Claims VII.H.2|