Annual Vehicle Coverage Notice
March 10, 2020
In an effort to save time for individuals purchasing, titling and providing coverage for their vehicles, Asset Accounting, Purchasing Services and Risk Management and Insurance reviewed their processes and devised a simplified model. The new practice has been in effect since fall 2019. Units with vehicles will not participate in an annual coverage update/modification process unless they have chosen an exception to the automatic coverage process. Risk will arrange for full coverage for vehicles 20 years and newer, and liability coverage for vehicles 21 years and older. Full coverage will be placed for vehicles with manufacture dates from 2002 to current year. Liability coverage will be arranged for vehicles manufactured in 2001 and prior. Coverage changes will be effective July 1.
The Standards for University Owned, Rented and Lease Vehicle Use and Coverage contains details on the annual renewal, including exception processing, fees and penalties. The new automatic coverage process should save units time when they purchase or acquire a new vehicle as well as during the annual renewal.
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About the University of Idaho
The University of Idaho, home of the Vandals, is Idaho’s land-grant, national research university. From its residential campus in Moscow, U of I serves the state of Idaho through educational centers in Boise, Coeur d’Alene and Idaho Falls, nine research and Extension centers, plus Extension offices in 42 counties. Home to nearly 11,000 students statewide, U of I is a leader in student-centered learning and excels at interdisciplinary research, service to businesses and communities, and in advancing diversity, citizenship and global outreach. U of I competes in the Big Sky and Western Athletic conferences. Learn more at uidaho.edu