For instance symbol 2 means owned auto only while symbol 3 means private passenger autos only.
Commercial auto insurance covered auto symbols. The iso business auto coverage form bacf is a standard insurance form used by many insurers to provide commercial auto coverages. Regardless of the autos status as owned nonowned hired borrowed or other status it is covered. Any as provided in Symbol 1 contains no limitations.
Liability Coverage Auto Symbols 1 Any Auto This is the broadest symbol designation and covers any auto 2 Owned Autos Only This symbol covers any auto owned by an insured including any auto that is acquired after the policy begins. A business auto insurance policy uses symbols to identify which vehicles receive which coverages. For example Symbol 1 extends protection to Any Auto while Symbol 7 provides coverage for only Specifically Described Autos See the BAP for each symbols definition.
This makes the covered auto symbols the key to the Business Auto Coverage Form. Each symbol represents a category of covered autos. Coverage is adjusted by changing these symbols and understanding how they work is key to understanding a business auto insurance policy.
Symbol 1 provides the broadest coverage which includes all of the following. Each symbol grants insured auto status to a different class of vehicle. The Business Auto Policy uses numeric symbols to.
Commercial auto coverage symbols chart iso commercial auto coverage symbols auto symbol 7 commercial auto coverage codes insurance commercial auto symbols symbol 10 auto coverage auto symbols 27 28 29 Keywords Tags low-budget domestic flights inexpensive as efficiently as moments notice. This is especially true when shopping for a California commercial automobile policy. Symbol 1 - Any Auto.
These are called covered auto designation symbols. Each number represents a category of covered autos. Nine pre-defined coverage symbols 1-9 trigger protection to a progressively narrowing definition of insured vehicles.