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What is Motor Fleet?
Motor Fleet refers to comprehensive business car insurance policies specifically designed for corporations with large fleets of vehicles. These fleet insurance policies are customized to include aggregate deductibles and stop losses, providing a tailored insurance solution for corporate clients.
By incorporating aggregate deductibles and stop losses, this comprehensive fleet insurance solution enables corporations to justify their insurance expenditure and effectively manage the risks associated with their vehicle fleets.
The aggregate deductible fund is safeguarded by a stop loss feature, which sets a maximum limit on claims exceeding a specified threshold. This ensures that any claims beyond the specified limit are capped and covered by the stop loss provision.