There is a $5 minimum premium for Equipment Insurance.

Deductible  Annual Rate 
$250 .0150
$500 .0125
$1000 .0100
$2500 .0085
$5000 .0055

Calculator

A Rate Calculator is available to help determine your costs.

Deductible

The deductible is the amount you are responsible for in the event of a loss. It is deducted from the settlement amount and is applied per occurrence. For example, if one computer is damaged, one deductible applies. If five computers are damaged in the same incident, only one deductible is charged.

  • The lower the deductible, the higher the premium will be.
  • The higher the deductible, the lower the premium will be.

Choosing your deductible

When choosing a deductible, consider how much money is available in your department budget for out of pocket expenses in the event of a loss. If you have a large amount of equipment with varying values, consider a deductible amount similar to the average value of your combined items, this will save premium and limit the amount of loss.

  • If your budget is able to absorb a higher deductible, you will save money on premium.
  • If your budget is not able to cover a lot of out of pocket expense, you will want to choose a lower deductible.