What is the cost if the device is lost or stolen instead of just damaged?

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The cost for lost or stolen laptops is a $100 per occurrence deductible regardless of free and reduced status. A police report must be filed and the student will not be allowed to take another device home while there is an unpaid deductible on their account and will have to check out a loaner unit from the library. The amount will be reimbursed if the device is returned in good working order. If damaged, the deductible amounts will go into effect.