For instance symbol 1 means any auto while.
Commercial auto insurance covered auto symbols. 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. These symbols called covered auto designation symbols include the numbers 1 through 9 plus 19. For instance symbol 2 means owned auto only while symbol 3 means private passenger autos only.
Owned by you Leased rented borrowed by you Non-owned by you. The symbol also applies to any trailer while it is towed by an owned vehicle. These are called covered auto designation symbols.
The iso business auto coverage form bacf is a standard insurance form used by many insurers to provide commercial auto coverages. Autos you own including autos you acquire ownership of after the policy begins Hired or leased autos and. It means exactly what it says.
Regardless of the autos status as owned nonowned hired borrowed or other status it is covered. This is especially true when shopping for a California commercial automobile policy. The Business Auto Policy uses numeric symbols to.
The benefit of this combination is potentially lower premiums due to coverage extending only to specifically described hired and non-owned autos rather than any auto. Nine pre-defined coverage symbols 1-9 trigger protection to a progressively narrowing definition of insured vehicles. Symbol 1 is designed to be used only for liability coverage.
Here is a breakdown of the various symbols and corresponding auto types covered by commercial auto policies. Symbols 2 3 and 4 can be used to trigger liability or physical damage coverage. Symbol 1 provides the broadest coverage which includes all of the following.