Obtain Property Insurance FAQs
If a project suffers an uninsured loss of its equipment, the principal investigator must replace items using project funds. RFCUNY will not reimburse a project for uninsured loss.
A principal investigator may appeal directly to their project sponsor or their campus grants officer for assistance.
RFCUNY bears the responsibility for and benefits from the lease/ownership of an asset. Although a project’s principal investigator utilizes the asset, RFCUNY retains the ownership and interest.
RFCUNY donates equipment to the college in which the project was operating. RFCUNY transfers the insurable interest to the college.