Fleet Automobile Insurance
Automobile insurance is provided through a standard Owner's Policy on a fleet basis to school boards to cover vehicles owned by school boards or leased (over 30 days) to school boards.
Under a fleet automobile policy, any NEWLY-ACQUIRED AUTOMOBILE, unless insured under another policy, is considered an insured vehicle if it replaces an existing vehicle or is an addition to the fleet of vehicles insured under the OSBIE policy.
Two main conditions to be met for this automatic extension of coverage to take effect are:
- The Insured must have acquired the vehicle (i.e. taken delivery or ownership).
- The Insured must notify the Insurer (OSBIE) within 14 days of the vehicle acquisition date.