SECTION I–COVERED AUTOS
Numerical symbols are
used to determine the autos insured and the coverages provided. The only
coverages that apply to loss or damage are those with a symbol beside them. The
only autos covered are those defined by the indicated symbol. These symbols are
defined in the Description Of Covered Auto Designation Symbols.
A.
Description of Covered Auto Designation Symbols
61–Any Auto
This is the broadest
symbol designation and has no limitations or restrictions. Vehicles defined as
autos in this coverage form are covered, subject to certain exclusions and
conditions. Because of the broad scope of the coverage provided, many insurance
companies are reluctant to use this symbol. Even if a company uses it for
liability, it may not do so for physical damage. No other symbol should appear
in the same box when Symbol 61 is used.
62–Owned Autos Only
This symbol means that
any auto the named insured owns is covered, including those acquired after the
inception date. In addition, any owned or non-owned trailer pulled by an owned
vehicle is also covered if this symbol is used with liability coverage.
Note: The definition of trailer
includes semitrailers and dollies that convert a semitrailer into a trailer.
63–Owned Private Passenger Type Autos Only
This symbol means only
the named insured's owned private passenger type autos, including those
acquired after the inception date.
64–Owned Commercial Autos Only
This symbol means any
trucks, tractors and trailers the named insured owns, including those acquired
after the inception date. For liability coverage, it also means any non-owned
trailer attached to an owned power unit.
65–Owned Autos Subject To No-Fault
This symbol applies to
vehicles licensed or garaged in a state where no fault coverage is available
but only to autos required to have such coverage. Coverage also extends to such
autos acquired after the inception date in addition to those the named insured
owned on the inception date.
66–Owned Autos Subject To a Compulsory Uninsured
Motorists Law
This symbol applies to
any auto the named insured owns garaged or licensed in a state that requires
that the named insured carry uninsured motorists coverage. It also applies to
any auto acquired after the inception date.
Note: This symbol does not
apply to vehicles licensed or operated in states that allow the named insured
to formally reject Uninsured Motorists coverage.
67–Specifically Described Autos
Only autos specifically
scheduled and for which a premium charge is made are covered. Similar to Symbol
62 above, the liability coverage provided extends to any owned or non-owned
trailer pulled by this type of owned vehicle.
68–Hired Autos Only
This symbol means only
autos the named insured leases, hires, rents or borrows. This symbol has a
significant limitation. It does not include leased, hired, rented, or borrowed
vehicles owned by an employee, partner, member of a limited liability company,
or members of any of the preceding groups’ households.
69–Trailers in Your Possession under a Written Trailer
or Equipment Interchange Agreement
This symbol applies
only to trailers and related equipment that the named insured does not own but
that are in its possession and for which it agreed to be legally responsible in
a written trailer or equipment interchange agreement. 70–Your Trailers in the Possession of Anyone Else Under a Written
Trailer Interchange Agreement
This symbol applies to
losses that occur to owned or hired trailers the named insured leases, loans or
rents to others that are subject to a written trailer interchange agreement
between it and the other party.
Note: The Motor Carrier Coverage Form exclusion for physical
damage loss to trailers controlled by other parties does not apply when this
symbol is entered on the declarations.
71–Nonowned Autos Only
This symbol applies
only to autos the named insured uses in its business that it does not own,
lease, hire, rent or borrow. Private passenger type autos owned by employees,
partners in the case of a partnership, members in the case of limited liability
companies, or members of the preceding group’s households are included.
Coverage applies only when they are used in the named insured's business or its
personal affairs.
79–Mobile Equipment Subject to Compulsory or Financial
Responsibility or Other Motor Vehicle Insurance Law Only
This symbol applies
only to land vehicles considered mobile equipment under the definition of
mobile equipment. It extends Motor Carrier Coverage to mobile equipment but
only in states where such equipment is subject to registration and/or licensing
laws. This meshes with the Commercial General Liability exclusion for such
equipment.
Note: Several issues arise
concerning symbol use such as instances when more than one symbol is needed.
|
Example: Hurryup Transport wants all of its commercial
vehicles covered, as well as any hired or non-owned vehicles. Hurryup's
insurance agent requests symbols 64, 68, and 71 for liability coverage after
deciding not to enter symbol 61, realizing that Hurryup's insurance company
would probably refuse to cover "any auto."
|
Manuscript Symbol
An additional
manuscript symbol not mentioned in the Motor Carrier Coverage Form is available
by adding endorsement CA 99 54–Covered Auto Designation Symbol. Symbol 72 is
available for the Motor Carrier Coverage Form and the autos considered covered
must be listed and described on the endorsement schedule.
|
|
Example: Hurryup Transport wants liability coverage for
all of its owned vehicles and physical damage coverage on all owned vehicles
except the concrete mixer it owns and leases to Good Deeds, LLC, a local
not-for-profit masonry contractor, for $1.00 a year. Good Deeds provides all
liability and physical damage coverage. As a result, symbol 72 is used for
Hurryup’s liability and physical damage coverage. The description/definition
for symbol 72 is: "All owned autos, except the concrete mixer."
|
Related
Article: ISO Motor Carrier
Coverage Form Available Endorsements and Their Uses
B. Owned Autos You Acquire After the Policy Begins
1. If Symbols 61–Any Auto,
62–Owned Autos Only, 63–Owned Private Passenger Type Autos Only, 64–Owned
Commercial Autos Only, 65–Owned Autos Subject To No-Fault, 66–Owned Autos
Subject To A Compulsory Uninsured Motorists Law or 79–Mobile Equipment Subject To Compulsory Or Financial Responsibility Or
Other Motor Vehicle Insurance Law Only are used for coverages indicated
on the declarations, autos of the type described by such symbols that the named
insured acquires during the policy period are also covered.
2. When symbol
67–Specifically Described Autos is used, new autos acquired during the policy
period are covered only if the insurance company either covers all vehicles the
named insured already owns or if the new vehicle replaces a scheduled vehicle.
The named insured must inform the insurance company of the acquisition within
30 days of the acquisition date.
|
Example: Hurryup Transport has a fleet of
tractor-trailer rigs and one private passenger vehicle. Symbol 67 is entered
for all coverages provided but only the tractor-trailer units are scheduled.
The private passenger vehicle is insured elsewhere. There is no coverage for
a pickup Hurryup purchases because it does not replace a scheduled vehicle
and coverage is not provided for all owned vehicles.
|
|
|
Related
Court Case: Garage
Liability Coverage Held Clearly Defined By Choice of Numerical Symbols
C. Certain Trailers, Mobile Equipment and Temporary
Substitute Autos
When
liability coverage is selected based on entries on the declarations, additional
categories of vehicles are added as covered vehicles.
1. Utility trailers having
a load capacity of 2,000 pounds or less and designed for travel on public roads
are covered but only while being pulled by a covered auto.
|
Example: Hurryup Transport rents a trailer with a 2,000-pound load capacity to
transport a 1,500-pound machine. The trailer qualifies as a covered auto as
long as the named insured's covered vehicle pulls it.
|
2. Mobile equipment being
carried or towed by a covered auto is covered.
|
Example: Hurryup Transport's is towing a generator. It was not properly
secured and becomes uncoupled. It strikes and damages a Volkswagen. Hurryup
Transport’s liability coverage responds to the damage to the Volkswagen.
|
3. If the named insured's
covered, owned auto is temporarily out of service for repair or service or due
to breakdown, repair, servicing, loss or destruction, a non-owned, temporary
substitute is covered but only if the named insured uses it with the owner's
permission.
|
Example: Bill, Hurryup’s owner, must drive to another state on business but is concerned because the
convertible top in his Miata is stuck in the down position and it looks like
it might rain. Bill decides to rent a car for the trip. The rental is not
automatically covered if any liability symbol other than 61 was selected. On
the other hand, if Bill puts the Miata in for service and then rents a car
for the trip, Hurryup has liability coverage if Bill is involved in an
accident.
|
