Student Renter's Insurance Provider

Summary (Newest Update)

Background The University of Iowa, located in Iowa City, Iowa, is a prominent public university with an enrollment of over 31,000 students. The university seeks to provide optional Renter's Insurance for students living in university-owned housing. This initiative aims to offer financial protection for students' personal belongings and liabilities while residing on campus. Work Details The selected supplier will provide optional Renter's Insurance directly to University of Iowa students through a University-controlled website portal. The insurance must include coverage for liability related to damage occurring to premises and others' belongings, including replacement for computers and phones. Additionally, optional coverage for e-bikes and scooters should be available for purchase. The supplier will handle direct billing to students with deductibles and coverage levels appropriate for the student population. Period of Performance The contract is expected to commence in June 2026, aligning with the start of the Fall semester. It will be available for student purchases starting at that time. Place of Performance The services will be performed primarily online through a web portal accessible by University of Iowa students. Bidder Requirements Suppliers must be licensed to operate in the State of Iowa and comply with Chapter 490 of the Iowa Code. They are required to submit audited financial statements from the previous two years as part of their proposal. Additionally, suppliers must ensure that all personnel involved have undergone criminal background checks within the last 12 months.