This publication presents the results of a survey of over 200 midwestern colleges and universities on their property insurance programs and establishes benchmarks to help these institutions evaluate their insurance programs. Findings included the following: (1) 51 percent of respondents currently purchase their property insurance as part of a package policy which includes other liability coverage; (2) 48 percent purchase flood coverage and 53 percent purchase earthquake insurance; (3) about 70 percent purchase boiler and machinery insurance including jurisdictional inspection services; (4) fire and lightning losses accounted for 36 percent of all property claim dollars; (5) average 5 year loss frequency in excess of applicable deductibles was 1.03 claims per survey respondent; (6) 67 percent of total real and personal property values for public and independent colleges and universities among the Midwestern Higher Education Commission member states fall at or below $100 million; (7) almost 70 percent of all respondents maintain property deductibles at or below $5,000; and (8) 68 percent of respondents have rates over $.04 per $100 of property value though the remaining 32 percent have rates significantly below that figure, largely due to higher deductible attachment points. (JB)