The applicable symbols are numbered 1 through 9 and are found on the declarations page of your business automobile insurance policy corresponding to applicable coverage areas such as liability uninsured motorist medical payments etc.
Commercial auto insurance vehicle symbols. Insurers sometimes use combination of symbols 8 and 9 for example to provide coverage for hired and non-owned autos. Vehicle Symbols With ISO Risk Analyzer Commercial Auto Symbols insurers can gain greater insight into risk factors associated with vehicles they insure. Two ISO Symbols Each car has two different types of ISO symbols.
Commercial auto insurance symbols. The symbol also applies to any trailer while it is towed by an owned vehicle. Commercial auto insurance policies have different symbols or endorsements to dictate specific coverages extended by the business auto policy.
Symbols 1 through 6 provide vehicle automatic coverage. Symbol 9 provides coverage for non-owned vehicles only. This is the broadest symbol available and is thus preferred by most insureds.
The Business Auto Policy uses numeric symbols to indicate the types of vehicles for which coverage is in effect. It provides selected liability and physical damage coverages on vehicles used for commercial purposes. Commercial auto insurance coverage symbols defined.
If your car is kept safely in a garage for instance your ISO rating will be lower than if it is constantly exposed to the elements. Symbol 1 is the broadest any auto. Liability and PIPMedical Payments LPMP Symbols are codes that indicate the relative risk of loss for each private passenger vehicle series.
Using symbol 7 reduces the coverage to claims from vehicles listed on the policy only. Symbol 1 is going to provide you the broadest coverage for your commercial vehicles because symbol 1 is designated any auto. It also applies to trailers used with owned vehicles.