Does anyone know how relevant the different symbols are to the State Test in th Business Auto Policy and Garage Insurance coverages?
Personally, I find it extremely difficult to remember all of them.
Your feedback would be appreciated.
Many thanks.
Thomas,
It was hard for me at first to but if you look at the Commercial Auto symbols and the Garage symbols they are all the same
Symbol 1 and 21 are - any auto
Symbol 2 and 22 are owned autos only
S 3 and 23 are Owned priv pass autos only
S 4 and 24 are Owned autos OT priv pass autos only
etc.
I didn't bother with symbol 6 and 26 since that doesn't apply to FL
For Symbols 1 - 5 those were easy to remember but 7 - 9 were not so I just remembered SHN for those three
S for Specifically described autos, H for Hired autos only and N for Nonowned autos only.
that made it easier. then for the garage there are 2 extra s 30 and 31 which I remembered AD for A for S 30 Autos left and D for Symbol 31 Dealers autos and ...
Hope this helps.