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Employees that rent vehicles for official University business do not need to acquire or purchase additional automobile insurance. Rather, the University's existing automobile insurance policy automatically provides both liability and physical damage insurance for these vehicles.

Insurance coverage for rental vehicles is provided by the University's automobile insurance which is part of a master policy issued to The State of North Carolina. We are required to comply with all state policies regarding insurance and rental vehicle use.

This policy applies to Carolina Union equipment available for rent and its usage by Registered Student Organizations, University Departments, Campus-based Non-Affiliates, and Non-Affiliates.

The purpose of this policy is to establish criteria in order to determine if rental events in venues managed by Carolina Performing Arts qualify as being sponsored, and to define the requirements, rules, responsibilities, and benefits for events sponsored by these organizations.