Insurance Policies and Procedures

Murdoch University Internal Insurance

The Office of Finance, Planning & Reporting will now be handling internal insurance claims for content property related losses, thefts or damage up to the value of $10,000.00. Anything above this value may be covered by our Insurer.

Ideally the Internal Claims Process will run similarly to that of a normal insurance company. Claim form, incident reports, police reports, proof of ownership etc.

All items lost or stolen MUST be recorded with either the Security Department or if the incident is not related to Murdoch University (external), then the incident MUST be reported to a police station.

Excess/Deductible

There is an excess/deductible to each claim made of $2,500.00.
All claims at or below $2,500.00 need to be self-managed by your school/office/ division.

What is covered?

All real and personal property (except as excluded) belonging to Murdoch University or for which the University is responsible or has assumed responsibility prior to the occurrence of any loss or destruction or damage, including all such property in which the university may acquire an insurable interest during the current financial year.

What Exclusions Apply? (No Cover)

Laptop computers
Hand held electronic devices such palms, organizers etc
Fusion
Accidental Damage or breakage to ANY item, fixture, structure, building, or soiling to carpet
Malicious Acts
Cash or personal items
No cover for imposed excesses towards any other insurance policies Murdoch University owns
Erosion, corrosion, deterioration, defect, rust or oxidation to any matter in part, or in whole
No cover if the claim or related incident took place prior to the 4th April 2005
No cover if the item/s are covered under another policy, can be claimed under another policy
No cover for electronic or mechanical fault or breakdown
THERE IS NO COVER IF THE INTERNAL RESERVE FOR CLAIMS HAS BEEN EXHAUSTED WITHIN A FINANCIAL YEAR