IRMI Update Quiz
Think You Know Auto Symbols? Don't Miss this Coverage Twist!
Which of the following statements about business auto policy symbols is incorrect?
A. Symbol 1 provides the broadest liability coverage and includes any auto—owned, hired, or nonowned.
B. Symbol 8 includes autos rented from employees or their household members.
C. Symbol 2 may extend liability coverage to nonowned trailers attached to owned power units.
D. Symbol 9 applies only to liability coverage for autos not owned, leased, hired, or borrowed by the insured.
Correct Answer: B is incorrect! Symbol 8 specifically excludes autos rented from employees, partners, or members of their households—an often-overlooked limitation that can leave gaps in coverage. Learn about the symbols and there use in this handy chart.
