The University Risk Management and Insurance Association (URMIA) recently featured Auburn University and Risk Analyst Evan Ferguson on their URMIA Matters podcast. The podcast discussed the Student Property Insurance Program (SPIP). Evan detailed how the program has helped Auburn University Risk Management and Safety better serve the University and how the program benefits Auburn student faculty and staff. You can listen here: https://urmiamatters.buzzsprout.com/687161/8757933-problem-solved-urmia-student-property-insurance-program
The SPIP program, which is available to all Auburn University students, faculty, and staff, helps to better protect and insure some of the items we use everyday while on campus.
Frequent cases of property loss include theft and accidental damage (dropping, spilling liquids, and similar events). If this were to happen, your out-of-pocket costs to repair or replace will generally run between $500 and $2,000.
Although some homeowners policies provide some coverage, they generally do not cover “breakage” or accidental damage, and usually have high deductibles that effectively leave most property losses unrecoverable. For these reasons, it is strongly encouraged to have a personal property insurance policy for their belongings while living and working on campus. You can learn more about the SPIP at Auburn here: https://cws.auburn.edu/rms/pm/rentersinsurance
