Equipment purchased with grant funds awarded to the College is considered the property of Davidson College. Principal investigators should note the following categories of coverage for college-owned equipment:
On-Campus Equipment: Equipment housed on-campus is covered under the College’s general insurance policy as long as it remains on campus. No additional insurance is required unless the equipment has an unusually high value, would be subject to damage from unusual causes, or would, by its nature, be very sensitive or easily damaged.
Off-Campus Equipment: Equipment purchased with grant funds but used off-campus may require supplemental coverage. Principal investigators should contact Mrs. Sylvia McDaniel, Manager of Housing and Insurance, to determine the amount and cost of supplemental insurance. To ensure coverage principal investigators should send a schedule of items purchased (including serial number, make, model and cost) to Mrs. McDaniel at the time of purchase.
Note: Laptop computers are covered by the College insurance policy while being transported via public transportation only when the laptop remains in the faculty member’s possession while in transit. Insurance coverage does not extend to laptops “checked” as baggage.
Privately-Owned Equipment: Research equipment purchased with grants awarded to individuals is considered personal property and therefore does not qualify for coverage under the College’s insurance policy. Privately-owned insurance policies may cover such equipment; therefore, principal investigators should consult with their own insurance company or agent.