Committee approves renewal of physical-damage coverage for leased driver-education vehicles

The Bossier Parish Schools Insurance Committee unanimously approved a one-year renewal of auto physical-damage insurance required by the district's lease with Red River Motor Company for driver education vehicles. The coverage is distinct from the district's self-insured approach to other district-owned vehicles; staff presented the renewal as a lease requirement and recommended continuation to avoid contract noncompliance. Why it matters: Driver education vehicles leased from Red River Motor Company require commercial physical-damage insurance under the lease terms; the district self-insures physical damage for vehicles it owns outright but purchases coverage specifically to satisfy the lease. Details: Doug Rogers explained that the premium is calculated based on the number of vehicles and the days they remain on the policy because the premium accrues daily and stops when vehicles are removed. The committee moved, seconded and unanimously approved the renewal. Next steps: Staff will proceed with the renewal to satisfy the lease requirement with Red River Motor Company.