WebApr 19, 2024 · Symbol 7: Specified Autos Only – Symbol 7 coverage limits coverage to just the vehicles that specifically show that coverage on the declarations page. Symbol 7 is commonly used for physical damage coverages where you may want to specify which vehicles have Comprehensive and Collision Coverage and which do not. WebDiminution of Value. An actual or perceived loss in resale or market value that results from a direct, accidental loss. (Commercial Auto Insurance - Chapter 16) Pollutants. Means any solid, liquid, gaseous, or thermal irritant or contaminant, including smoke, vapor, soot, fumes, acids, alkalis, chemicals, and waste.
Ch. 10 Business Auto Coverage Form Flashcards Quizlet
Web10 rows · 7 - Autos Specified on Schedule. Applies only to those autos described on the schedule for which a ... WebMay 18, 2016 · Definition. 21 - Any Auto. Use for liability and/or medical payments insurance. This symbol provides coverage for any auto the insured has contact with, including owned and non-owned, hired vehicles, and newly acquired vehicles. It includes coverage for non-owned autos, no-fault insurance, uninsured motorists or physical … scotch tomatoes in shops
Commercial Automobile Policy Symbols: What Do They Mean?
WebSymbols 1,2,3,4,5,6,19 - auto coverage until the end of the policy. How does symbol 7 handle a newly acquired auto? Must cover ALL autos for that coverage, OR newly acquired auto replaces a vehicle that had the coverage, AND notification within 30 days. Web12 rows · May 18, 2016 · Only those symbols listed for a coverage can be used. Symbols 61 through 71 provide vehicle ... WebSymbol 7 - Specifically described vehicles listed on the declarations page Symbol 8 - Hired Autos Only, which are those the insured leases, hires, rents or borrows, except any auto the insured leases, hires, rents, or borrows from an employee. These vehicles may not be owned by the insured. scotch tonband