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 | Property Claims
NEW DEDUCTIBLES
Deductibles for property claims are as follows:
- Movable Building Structures $1000
- All other building structures, $1000 per occurrence, when loss is a result of vandalism and/or malicious mischief
- LSU property, $1000 per occurrence
All claims for theft or damage to state-owned property must be accompanied by a copy of the inventory listing or a copy of the original purchase order. Estimates for repairs must be submitted prior to authorizing repairs for damaged items. If a police report has been filed, please provide the case number so a report can be obtained. If a police report was not filed, please provide a detailed memorandum as to what happened. This is to include any witness statements. The following information is also required:
- The type of goods/equipment damaged/stolen
- The number of each item damaged/stolen
- Model number
- Serial number
For items $1,000 and over, in addition to the above, also include the following:
- State property tag number
After a loss has occurred, all property which has been damaged must be protected against further damage and must be made available for inspection.
ORM will arrive at a settlement based on repair/replacement cost, less deductible and depreciation. State law requires that the claimant provide documented evidence that the damaged/stolen property has been repaired or replaced. Therefore, the settlement amount will be set aside until proof of repair or replacement is received. |
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