The Business Auto Policy uses numeric symbols to indicate the types of vehicles for which coverage is in effect. 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.

Symbol Definition

1 - Any Auto

Use for liability insurance only. Includes coverage for owned, non-owned, and hired autos. Provides automatic coverage for autos the insured newly acquires.

Do not use for no-fault, medical payments, uninsured or underinsured motorists, or physical damage coverages.

2 - All Owned Autos

Applies only to autos owned by the insured, and for liability coverage on any non-owned trailers while attached to power units the insured owns. Provides automatic coverage for autos the insured newly acquires.

Use for liability, medical payments, uninsured and underinsured motorists, or physical damage coverages, except for towing and labor.

3 - Owned Private Passenger Autos

Provides automatic coverage for private passenger autos the insured newly acquires. Use for liability, medical payments, uninsured and underinsured motorists, physical damage coverages, or towing.

4 - Owned Autos Other Than Private Passenger

Provides automatic coverage for other than private passenger autos the insured newly acquires. Use for liability, medical payments, uninsured and underinsured motorists, and physical damage except towing.

5 - All Owned Autos That Require No-Fault Coverage

Provides automatic coverage for autos the insured newly acquires where no-fault is required by law. Used only for P.I.P. and Additional P.I.P.

6 - Owned Auto Subject to Compulsory Underinsured Motorist Law

Provides automatic coverage for autos the insured newly acquires where rejection of Underinsured Motorist is not permitted by law.

7 - Autos Specified on Schedule

Applies only to those autos described on the schedule for which a premium charge is shown, and for liability coverage on any non-owned trailers while attached to power units the insured owns.

Provides no automatic coverage for autos the insured newly acquires. The company must be notified of newly acquired autos within 30 days. Used for all coverages.

8 - Hired Autos

Applies only to those autos leased, hired, rented, or borrowed by the insured. This does not include any auto leased, hired, rented, or borrowed from any of the insured's employees or member of their households.

Can be used for all coverages except no-fault, towing, and labor. For medical payments this symbol applies only to funeral directors.

9 - Non-Owned Autos

Applies only to those autos not owned, leased, or hired by the insured that are used in connection with the insured's business.

Used only for liability coverage. Coverages / Limits - Use ACORD 137.

 

 

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