Property Damage Coverage

Property damage coverage – Provides replacement coverage for sudden and accidental losses to State-owned property including buildings and contents up to $2,500,000. A $1,000 agency deductible per occurrence applies. Property does not include autos, land, currency, and crops.

• Fine art coverage - Includes repair or replacement of State-owned fine art on a reimbursement basis unless the item is deemed irreplaceable by the State Treasurer.

• Vessel (hull) coverage – Includes repair or replacement of hull damage to State-owned boats and other watercraft.


Property Exclusions

The types of property damage perils covered by insurance are broad.  However, the certain exclusions apply to the property damage coverages listed above.  These include but are not limited to theft per regulation (COMAR A and B), builders' risk, and normal wear and tear.