What Does Fleet Mean?

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What does Fleet mean? Read on to discover the definition & meaning of the term Fleet - to help you better understand the language used in insurance policies.

Fleet

Fleet

For classifying commercial vehicles under the business auto policy (BAP), five or more automobiles. Less than five is considered nonfleet. The distinction is made for statistical coding purposes. It does not have an effect on the rating factors.

We hope the you have a better understanding of the meaning of Fleet.

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