Student Renter's Insurance Provider

The University of Iowa is soliciting proposals from qualified suppliers to provide optional renter’s insurance coverage to students residing in university-owned housing, under solicitation number 18574. Proposals must be submitted electronically through the eBid system by the deadline of May 27, 2026, at 3:00 PM Central Time, and must include audited financial statements for the prior two years, a visual example of the proposed web portal, and detailed responses to required sections such as supplier background, core competencies, references, and exceptions to terms. Pricing must be submitted in a structured format that outlines monthly premiums for multiple coverage tiers based on deductible amounts ($0, $100, $200) and belongings valuations ($3,000, $6,000, $10,000), though actual pricing lines remain blank and will be filled by respondents. The evaluation will be conducted through a trade-off process considering technical merit and price, with emphasis on response to specifications, demonstrated expertise, system usability, financial stability, references, and commitment, without assigned numerical weights or adjectival ratings. The contract imposes comprehensive obligations on the selected supplier, including maintaining commercial general liability, automobile liability, umbrella, and errors & omissions/cyber liability insurance each at $1,000,000, naming the State of Iowa, University of Iowa, and Iowa Board of Regents as additional insureds with waiver of subrogation. All technology delivered must meet WCAG 2.1 AA and Revised Section 508 accessibility standards, and any handling of student data must comply with FERPA, HIPAA, and FIPS 140-2 encryption requirements. The supplier is required to adhere to strict data privacy rules under University Clause 31, including immediate incident notification and limitations on data use, and must not use university trademarks without consent. Invoices must be submitted electronically to [email hidden] with purchase order numbers and payment terms of Net 30 days, and all deliveries must be F.O.B. Destination to the University’s dock in Iowa City. The supplier must also comply with federal requirements including the Anti-Kickback Act, Byrd Anti-Lobbying Amendment, and affirmative disclosures regarding debarment, lobbying activities over $100,000, and pricing differentials. Indemnification, record retention, public records compliance, and conflict of interest disclosures—particularly regarding employment or