What auto symbol indicates that only specifically described autos are covered under a business auto policy?

Prepare for the Auto Insurance Exam with study tips, flashcards, and multiple-choice questions. Each question includes hints and explanations to ensure you're exam-ready!

The symbol that indicates only specifically described autos are covered under a business auto policy is indeed symbol 7. This symbol is key in defining the scope of coverage for a business auto policy.

When a business auto policy employs symbol 7, it signifies that only the vehicles explicitly listed in the policy declarations page are covered. This means that if a vehicle is not mentioned there, it would not receive coverage in the event of an accident or damage. This symbol provides clarity and allows business owners to identify exactly which vehicles are insured under their policy, helping them manage their risk more effectively.

By using symbol 7, businesses can tailor their insurance to the specific vehicles they operate, potentially limiting their exposure to costs associated with covering a broader range of vehicles. This can be particularly beneficial for businesses that have a stable fleet and don't anticipate changes in their vehicle lineup frequently.

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