Vehicle Symbols: Insurance Decoded

Auto symbols are Arabic numerals (e.g. 1–9, 19, 21–31, 41–50, 59, 61–71, 79) used to indicate the types of vehicles covered by an insurance policy and the type of coverage the vehicle carries. These symbols are crucial in defining the scope of coverage and can be found on the declarations page of the auto policy next to each coverage purchased in the policy (e.g. liability, personal injury protection, auto medical payments). The symbols reflect the insured's selection of what types of vehicles are insured for that coverage (e.g. owned autos, hired autos, non-owned autos).

Vehicle symbols define the scope of coverage

Vehicle symbols are Arabic numerals that define the scope of coverage for auto insurance policies. They are used to indicate the types of vehicles covered and the extent of that coverage. These symbols are crucial in defining the insured's selection of what types of vehicles are covered under the policy, such as owned autos, hired autos, or non-owned autos. The symbols also reflect the type of coverage the vehicle has, such as liability, personal injury protection, auto medical payments, or uninsured and underinsured motorists coverage.

The most common vehicle symbols used in commercial auto insurance are 1, 2, 7, 8, and 9. Symbol 1, "Any Auto", is the most comprehensive coverage option, including scheduled, hired, and non-owned autos, as well as other vehicles used for business. Symbol 2, "Any Owned Auto", covers any auto owned by the insured, including those acquired after the policy begins. Symbol 7, "Scheduled Vehicles", covers only the specific vehicles listed on the policy, identified by year, make, model, and VIN. Symbol 8, "Hired Autos", covers autos leased, hired, rented, or borrowed by the insured, excluding those owned by employees or members of their households. Symbol 9, "Non-Owned Autos", covers autos used in the insured's business but not owned, leased, hired, rented, or borrowed by them, including autos owned by employees or partners.

In addition to these common symbols, there are also custom symbols available through endorsements, such as Symbol 10 (business auto) and Symbol 19 (mobile equipment). These custom symbols allow for modified wording to better define the term "covered autos" for the specific policy.

The vehicle symbols are essential in understanding the scope of coverage provided by a commercial auto insurance policy. They dictate the types of vehicles covered and the extent of that coverage, ensuring that the insured's vehicles and usage are adequately protected.

They determine the type of coverage, not the vehicle type

Auto symbols are used to denote the category of vehicles a commercial auto policy's various coverages will apply to. These symbols are Arabic numerals, with the numbers 1–9 and 19 for business auto, 21–31 for garage, 41–50 and 59 for truckers, and 61–71 and 79 for motor carriers. They are used to define the scope of coverage and reflect the insured's selection of vehicle types for that coverage.

While the symbols relate to the type of vehicle, they are more specifically about the type of coverage the vehicle carries. For example, Symbol 1, or "Any Auto", is the most comprehensive coverage option available on a Commercial Car insurance policy. It includes coverage for scheduled, hired, and non-owned autos, as well as other vehicle types used for business. Symbol 2, or "Owned Autos", means any auto the insured owns is covered, including those acquired after the policy begins. Symbol 7, or "Scheduled Vehicles", covers only those autos described on the schedule for which a premium charge is shown. Symbol 8, or "Hired Autos", covers autos that the insured leases, hires, rents, or borrows, but does not include those owned by an employee, partner, or member of the insured's household. Symbol 9, or "Non-Owned Autos", covers autos that the insured does not own, lease, hire, rent, or borrow, but which are used in the insured's business, including autos owned by employees or partners.

These symbols are crucial in defining the policy's scope of coverage and are essential for business owners to understand when reviewing their Commercial Car insurance policy. They determine the type of coverage, not the vehicle type, and can be combined to define coverage limits.

Symbols vary depending on the insurance company

Auto symbols are crucial in defining the scope of coverage of a commercial auto insurance policy. They are Arabic numerals (e.g. 1–9, 19, 21–31, 41–50, etc.) that indicate the types of vehicles covered and the category of autos a policy's various coverages will apply to. These symbols vary depending on the insurance company and the specific policy in question.

For example, Symbol 1 ("Any Auto") is the most comprehensive coverage option, including scheduled, hired, and non-owned autos, as well as other vehicles used for business. However, not all insurance companies offer Symbol 1 coverage due to its broad nature. On the other hand, Symbol 2 ("Owned Autos") covers any auto owned by the insured, including those acquired after the policy begins.

The symbols can also indicate the type of coverage, such as liability or physical damage. For instance, Symbol 7 ("Scheduled Vehicles") refers to any "scheduled" or listed vehicles on the policy, similar to personal auto coverage. Meanwhile, Symbol 8 ("Hired Autos") provides coverage for autos hired to perform functions for a business, and Symbol 9 ("Non-Owned Autos") covers autos used for business purposes but not owned, leased, or hired by the insured.

It's important to note that the definitions of these symbols may vary among different insurance companies, so it's crucial to refer to the specific policy and its definitions when interpreting these auto symbols.

They are Arabic numerals, e.g. 1-9, 10, 19, 21-31, etc

Auto coverage symbols are Arabic numerals (1–9, 10, 19, 21–31, etc.) used to indicate what category of vehicles a commercial auto policy's various coverages will apply to. These symbols are crucial in defining the scope of coverage for a policy and appear in the declarations page of the auto policy next to each coverage purchased in the policy. The symbols reflect the insured's selection of what types of vehicles are insured for that coverage.

The numbers 1–9 are used to indicate the types of vehicles for which coverage is in effect. Symbol 1, for example, includes Hired and Non-Owned auto coverage. Symbol 1 can be used for liability insurance and includes coverage for owned, non-owned, and hired autos. Symbol 2, on the other hand, covers any "auto" owned by an insured, including any "auto" that is acquired after the policy begins. Symbol 3 covers only private passenger type "autos" owned by the insured, including any private passenger type that may be acquired after the policy begins.

In addition to the numerals 1–9, there are also custom symbols available through the use of endorsements, such as Covered Autos Designation Symbol (CA 99 54). These custom symbols allow for modified wording that better defines the term "covered autos" for a specific policy. For example, Symbol 10 (business auto) is a custom symbol that can be used for liability or physical damage coverage.

The specific meanings of these auto coverage symbols can vary among different insurance companies, so it is important to review the symbol definitions in the context of a particular insurance policy.

Symbols are used for both personal and commercial auto policies

Symbols are a crucial aspect of both personal and commercial auto policies, helping to define the scope of coverage. These symbols, often Arabic numerals, are assigned to different types of vehicles and ownership statuses, with each symbol representing specific insured vehicles. The symbols are placed next to each coverage listed in the policy, such as liability, personal injury protection, auto medical payments, and uninsured or underinsured motorists.

In personal auto policies, symbols are used to indicate the relative risk of loss for each private passenger vehicle or vehicle series. These symbols are assigned based on factors such as the manufacturer's suggested retail price, actual loss experience, and predicted loss ratio relativity. Higher symbols correspond to higher premiums. Personal auto symbols include those for owned autos, owned private passenger autos, and hired autos, among others.

Commercial auto symbols, on the other hand, are used to denote the category of autos a policy's coverages will apply to. For example, symbols 1 through 9 are used for business auto policies, while symbols 21 through 31 are for garage policies. Custom symbols are also available through endorsements, allowing for modified wording to better define the term "covered autos."

One of the most common commercial auto symbols is Symbol 7, which refers to "Scheduled Vehicles." This symbol is similar to personal auto coverage and only responds to claims for specific vehicles listed on the policy, identified by year, make, model, and VIN. Another common symbol is Symbol 1, "Any Auto," which is the most comprehensive coverage option. It includes scheduled, hired, non-owned autos, and other vehicles used for business. Symbol 8, "Hired Autos," provides coverage for autos hired to perform business functions, while Symbol 9, "Non-Owned Autos," covers autos used for business purposes but not owned, leased, or hired by the insured.

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