Policy 513: Leased Vehicle Dammage Recovery Fund
Section: Operating Policies
Policy Number: 513
Subject: Leased Vehicle Dammage Recovery Fund
Origin Date: July 25, 2000
Effective Date: July 25, 2000
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USU Motor Pool will offer departments an optional daily rate charge to cover damage to a short-term leased Motor Pool vehicle (vehicles leased less than a year).
USU Motor Pool will ser up a damage recovery fund by offering departments a $2 per day optional charge on cars and vans when leasing a vehicle. If a department chooses to pay this charge, Motor Pool will be responsible for any repair bill if the vehicle is damaged. This charge will cover the insurance policy $500 deductible for damage. If the department chooses not to pay the additional daily charge, then the department will be responsible for the $500 deductible charge or anything less.