What is covered?

Covers all property of every description, owned, leased or occupied by the University of Lethbridge and/or for which the University has assumed the responsibility to insure by contract or agreement; against all risks of direct physical loss or damage except as excluded in the policy.  Property includes, but is not limited to buildings, fixtures, equipment and computer hardware.

The policy also covers Loss of Rental Income, Extra Expense which might be incurred to conduct or continue business following a loss, as well as costs associated with Business Interruption as a result of the insured location being destroyed or damaged by an insured peril. This coverage is only extended to areas that have been specifically identified for this coverage and not to the entire operations of the University.

What is not covered?  (The following are some of the exclusions to the University‚Äôs property insurance. Please note that this is not an exhaustive list.)

  • Personal property of individual, staff, student and a Student Group
  • New buildings or structures during course of construction
  • Boilers and machinery
  • Normal wear & tear
  • Mold & Fungi
  • Terrorism
  • Mysterious disappearance
  • Faulty workmanship
  • Fine arts, permanent collections and rare books (in excess of $1,000 per book)
  • Aircraft, boat, vehicle
  • Crops and live animals
  • Nuclear accident
  • Unprotected Equipment in the Field  
  • Electronic data/records


The University has a significant deductible under its property program. An internal deductible of $2,500 may apply to a loss for a faculty, department or ancillary unit regardless of the amount of the claim.  The attributable deductible will be assessed based on the reason for loss and the security measures in place for the property prior to the loss.