Fleets of 5+ vehicles in NZ are typically rated on experience-modification rather than per-vehicle NCB. Aggregate excess caps matter when more than one vehicle is in the same event. Named drivers vs any-driver cover and how the schedule is structured drives premium materially. FCIB places mid-size fleet commercial motor through NZI and QBE under the Steadfast binding authority.
For this scenario, the fact keys to compare across the ingested wordings are:
excess_options_nzd — Excess options (NZD)
no_claims_bonus_schedule — No-claims bonus
driver_schedule — Driver schedule
vehicle_types_covered — Vehicle types covered
claims_basis — Claims basis
Watch out for
Aggregate excess vs per-vehicle excess: under NZI's wording, multiple insured vehicles in one event share the highest single excess; other insurers stack individually.
Any-driver cover with no age restriction usually loads premium 10-25% vs named-driver schedule.
Experience modification factor replaces NCB schedules at 5+ vehicles — your actual claims experience drives renewal pricing.
theft: Where the cause of loss is theft or unlawful conversion or fire (fire not resulting from impact) to the insured vehicle, no excess will apply to the Section 1 claim unless stated in the schedule or payable under any 'Section 1: Automatic Policy Extension' or 'Section 1: Optional Policy Extension'.
at_fault: not specified — not mentioned in wording
standard: shown in the schedule
unnamed_driver: not specified — not mentioned in wording
fleet_aggregate: If more than one insured vehicle suffers loss from a single event, only one excess shown in the schedule will apply, being the highest excess, together with any excess payable under any extension in 'Section 1: Automatic Policy Extensions' or 'Section 1: Optional Policy Extensions'.
under_25_driver: not specified — not mentioned in wording
inexperienced_driver: not specified — not mentioned in wording
No-claims bonus
Not on file.
Driver schedule
any_driver_cover: yes — 'There is only cover under this policy when any vehicle insured under this policy is being used by any driver with your consent'
driver_age_limits: not specified — no minimum age stated in wording; learner drivers permitted provided 'all requirements of the law are being complied with' (per Unlicensed Drivers exclusion exception)
named_drivers_required: no — any driver with insured's consent is covered
Vehicle types covered
Not on file.
Claims basis
occurrence — cover applies for accidental loss 'occurring anywhere in New Zealand ... during the period of insurance'
theft: Where the cause of loss is theft or fire (fire not resulting from impact) to the insured vehicle, no excess will apply to the Section 1 claim unless stated in the schedule or payable under any Section 1: Automatic Policy Extension or Section 1: Optional Policy Extension.
standard: The excess shown in the schedule — specific amounts not stated in wording, set per schedule
fleet_aggregate: If more than one insured vehicle suffers loss from a single event, only one excess shown in the schedule will apply, being the highest excess, together with any excess payable under any extension in Section 1: Automatic Policy Extensions or Section 1: Optional Policy Extensions.
No-claims bonus
Not on file.
Driver schedule
any_driver_cover: yes — 'There is only cover under this policy when any vehicle insured under this policy is being used by any driver with your consent'
driver_age_limits: Not specified in the wording; no minimum age or learner-licence rules stated beyond the general unlicensed driver exclusion and the exception: 'the vehicle is being used for the purpose of teaching a learner to drive, if all requirements of the law are being complied with'
named_drivers_required: no — cover applies to any driver with the insured's consent
Vehicle types covered
cars
station wagons
utilities
vans
four-wheel drives
trucks
mechanical plant
vehicles with hoists or hydraulic rams
vehicles with mulching, chipping or agricultural implements
drilling rigs
vehicles transporting goods for reward
vehicles transporting fare-paying passengers
vehicles used for airside operations
unspecified trailers
Claims basis
occurrence — cover applies for 'accidental loss to an insured vehicle occurring anywhere in New Zealand ... during the period of insurance'
standard: rule string — 'The amount of the deductible is shown in the schedule. The deductible will apply separately to each vehicle and each claim on that vehicle. Where more than one of your vehicles is involved in the same accident, only the higher deductible will apply.'
unnamed_driver: not stated in wording — refer to schedule
inexperienced_driver: not stated in wording — refer to schedule
No-claims bonus
Not on file.
Driver schedule
any_driver_cover: yes — description of use covers the vehicle 'while being driven by you, or anyone with your consent'
driver_age_limits: no minimum age stated in wording; learner drivers permitted provided 'all requirements of the law are being complied with'
named_drivers_required: no — the wording does not require named drivers; cover applies to anyone driving with the insured's consent
Vehicle types covered
cars
station wagons
utilities
vans
four wheel drive passenger vehicles
trucks
buses
electric vehicles
battery electric vehicles (BEV)
plug-in hybrid electric vehicles (PHEV)
mobile plant
mobile equipment
trailers
agricultural implements and machines
vehicles with hoists
leased/hired/borrowed/lent vehicles under care custody and control
Claims basis
occurrence — cover is in respect of 'events happening during the period of insurance stated in the schedule'
DUAL New Zealand Commercial Motor Vehicle (08.23 v2)
Excess options (NZD)
theft: No excess applies to Section 1 claim where cause of loss is theft or fire (fire not resulting from impact), unless stated in the schedule or payable under any Section 1: Automatic Extension or Section 1: Optional Extension.
standard: As shown in the schedule
No-claims bonus
Not on file.
Driver schedule
any_driver_cover: yes — Section 2 covers 'any other person caused by or through or in connection with their use of an insured vehicle … provided such use has the permission of the insured'
driver_age_limits: No minimum age stated in the wording; learner drivers permitted provided 'the insured vehicle is being used for the purpose of teaching a learner to drive, and all the requirements of the law are being complied with'
named_drivers_required: no — no requirement for named drivers found in the wording
Vehicle types covered
cars
station wagons
utilities
vans
four wheel drives
trucks
mechanical plant
mobile machinery
vehicles with cranes or hoists
taxis
agricultural vehicles (tractors etc.)
any type of machine on wheels, tracks or rollers (but not rails) propelled by its own power, and anything designed to be towed by such a machine
Claims basis
Occurrence — cover applies for accidental loss or liability 'occurring during the period of insurance'
at_fault: The Excess shall be refunded for a No Fault claim unless specified in the Schedule or related extensions.
standard: as per the Schedule
unnamed_driver: as per the Schedule
under_25_driver: The Excess will be cumulative where there is more than one Excess applicable and it is stated as such on the Schedule, including the under 25 years old Excess.
No-claims bonus
Not on file.
Driver schedule
any_driver_cover: yes — 'Authorised Driver means any driver operating the Insured Vehicle with the Insured's prior consent.'
driver_age_limits: an under 25 years old Excess applies as stated in the Schedule; 'The Excess will be cumulative where there is more than one Excess applicable and it is stated as such on the Schedule, including the under 25 years old Excess.'
named_drivers_required: no — cover applies to any Authorised Driver (any driver with prior consent of the Insured)
Vehicle types covered
cars
station wagons
utilities
vans
SUVs
trucks
heavy commercial vehicles
mobile plant and machinery (cranes, forklifts, excavators, lifting machinery/platforms, log haulers, skidders, rollers, graders, bulldozers)
electric/hybrid/hydrogen vehicles
autonomous vehicles
vehicles used for the Insured's Business
Claims basis
occurrence — cover applies to an 'Event' defined as 'any occurrence or series of occurrences arising from one source or original cause within a 72-hour period'
Next step
Personalised advice on which commercial-motor policy fits this operator profile is regulated under the Financial Markets Conduct Act 2013 — contact FCIB: Stewart Hunt — stewart@fcib.co.nz | 0800 437 699 | disclosure statement.