What is symbol 1 on a commercial auto policy?

Symbol 1 provides the broadest coverage available. It means that any auto, whether owned by the insured or not, is covered for the bodily injury and property damage liability. It is important to note than Symbol 1 coverage can only be applied to liability coverage.

What do the auto symbols mean?

1 = Covers “autos” owned by the insured, including those attained after the policy begins. ( OWNED AUTOS ONLY) 2 = Covers only private passenger “autos” that are owned by the insured. ( OWNED PRIVATE PASSENGER AUTOS ONLY) 3 = Covers all “autos” (other than private passenger vehicles owned by the insured. (

What are the symbols in a commercial auto policy?

Symbols 2, 3, and 4 can be used to trigger liability or physical damage coverage. Symbol 2 initiates coverage for all autos you own, including private passenger type autos and commercial vehicles (trucks). Symbol 3 designates private passenger autos only while symbol 4 triggers coverage for commercial vehicles only.

Does symbol 1 include trailers?

Symbol (1) by definition includes “any auto.” Coverage for nonowned trailers pulled by owned power units is without charge regardless of the symbol providing the coverage.

What does the symbol 4 mean?

“Almost from prehistoric times, the number four was employed to signify what was solid, what could be touched and felt. Its relationship to the cross (four points) made it an outstanding symbol of wholeness and universality, a symbol which drew all to itself”.

What is a hired auto?

Hired Auto coverage provides Liability insurance for vehicles you lease, hire, rent, or borrow to use in connection with your business.

What is symbol 7 on an auto policy?

Symbol 7: Specifically Described Autos. Symbol 7 is the most restrictive, covering only those vehicles described in Item Three of the Declarations for which a premium charge is shown.

What is symbol 21 on a garage policy?

Symbol 21 includes Hired and Non-Owned auto coverage. This symbol provides coverage for any auto the insured has contact with, including owned and non-owned, hired vehicles, and newly acquired vehicles. It includes coverage for non-owned autos, no-fault insurance, uninsured motorists or physical damage insurance.

What symbol is hired and non-owned auto?

Only those symbols listed for a coverage can be used. Symbols 1 through 6 provide vehicle automatic coverage. Symbol 1 includes Hired and Non-Owned auto coverage. Use for liability insurance only.

Why is 4 a special number?

Four is the smallest composite number, its proper divisors being 1 and 2. 4 is the smallest squared prime (p2) and the only even number in this form. 4 is also the only square one more than a prime number. A number is a multiple of 4 if its last two digits are a multiple of 4.

Is hired auto coverage primary?

Unlike liability coverage, physical damage coverage on hired autos is covered on a primary basis. If a vehicle you hire is damaged in an accident, the rental agency will be unable to rent the vehicle to anyone else while the auto is being repaired.

What are the symbols for auto auto insurance?

Symbols 1 through 6 provide vehicle automatic coverage. Symbol 1 includes Hired and Non-Owned auto coverage. Use for liability insurance only. Includes coverage for owned, non-owned, and hired autos. Provides automatic coverage for autos the insured newly acquires.

What does 22 all owned autos stand for?

22 – All Owned Autos Provides coverage for owned autos only and includes automatic coverage for autos the insured newly acquires. This symbol cannot be used to provide liability coverage for dealers, but can be used to provide liability for non-dealers.

What are the symbols on the dashboard of a car?

Symbols that have been around for decades are easily recognizable, but as cars become more computer-controlled, manufacturers are adding new dashboard symbols that may be puzzling. Did you know that warning lights may be color coded, with yellow advising to inspect and red meaning there’s a major problem?

What are the symbols for garage and dealers?

The Garage and Dealers Policy uses numeric symbols to indicate the type(s) of vehicles for which coverage is in effect. Only those symbols listed for a coverage can be used. Symbols 21 through 26 provide vehicle automatic coverage. Symbol 21 includes Hired and Non-Owned auto coverage.