Comprehensive Fire Insurance
Fire insurance protects the assets against financial disadvantages due to fire and other calamities that fall under the cover of the fire insurance. In addition to fire damage, these include storm, burglary and water damage.
The University of Twente (UT) has taken out fire insurance for all their properties. The properties of the study associations are co-insured on the UT policy insofar as they concern locations / addresses that are known on the property overview.
This contract currently has a deductible of EUR 100,000 per event. A point of attention for the association is when a damage occurs in which the damage amount remains below the deductible specified in the policy.