Policy 8530 - Property Damage

Property Damage
The District shall maintain a comprehensive insurance program which shall provide adequate coverage, as determined by the Board, in the event of loss or damage to school buildings, equipment, or other school property, including motor vehicles.

The comprehensive insurance program shall maximize the District’s protection and coverage while minimizing the costs for insurance. This program may include alternatives for sharing the risk between the District and the insurance carrier, and through self-insurance plans.

If, as result of loss on real property, the District receives less than five thousand dollars ($5,000), such proceeds may be credited to the general fund.

Privately Owned Property
The District shall not assume responsibility for the maintenance, repair or replacement of any privately-owned property brought to a school or District function unless the use or presence of such property has been specifically requested in writing by the administration.

Legal Reference:
I.C. § 33-701 Fiscal year – payment and accounting of funds

Policy History:
Anticipated First Reading: April 16, 2009
Adopted on: May 21, 2009