Fleet automatic
Term · Insurance and risk management · MLC-T-INS-001546
A provision in a commercial auto insurance policy that automatically adds newly acquired vehicles to the existing coverage without requiring immediate notification to the insurer. This provides continuous protection for a specified period, such as 30 days, until the new vehicle can be formally added to the policy. It applies to vehicles that meet the policy's eligibility criteria.
| Identifier | MLC-T-INS-001546 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001546",
"term": "Fleet automatic",
"field": "Insurance and risk management",
"definition": "A provision in a commercial auto insurance policy that automatically adds newly acquired vehicles to the existing coverage without requiring immediate notification to the insurer. This provides continuous protection for a specified period, such as 30 days, until the new vehicle can be formally added to the policy. It applies to vehicles that meet the policy's eligibility criteria.",
"url": "https://mlchart.com/terminology/insurance/fleet-automatic/"
}
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