How Do I Obtain Small Property Insurance?

Small property (Inland Marine) insurance is an optional coverage similar to the Major Property Policy, but offers a lower deductible of $50.00 per occurrence. Departments wishing to insure items under the optional coverage can do so by contacting the Administrative Services office. Each item to be insured must show its replacement value, serial number, and/or State tag number, if assigned. This coverage is used to insure property subject to theft or breakage, or property that is frequently transported.

To add or delete items at other than the annual renewal, complete the request for Inland Marine (IM) Insurance form and submit to the Administrative Services office. This form is available electronically, Insurance Request Form (MS Excel required), and all departments who are currently enrolled in the IM insurance program are sent the yearly renewal request form annually. Send your add or delete IM request form back to Administrative Services as an attachment to e-mail. Coverage becomes effective when Administrative Services submits the schedule for IM coverage to the State Office of Insurance Management.

The following items are not eligible for Inland Marine coverage:

• Real Property or Buildings.
• Automobiles or vehicles licensed for the road.
• Mobile equipment of any nature (mobile equipment is any motorized equipment not licensed for highway use).
• Consumable Properties (office supplies, etc.).
• Property held in inventory (items discovered missing after an inventory check).