Alabama Insurance Adjuster Practice Exam

Which coverage symbol pertains specifically to rental cars on a Business Auto Policy?

1. Symbol 3

2. Symbol 7

3. Symbol 8

4. Symbol 10

The correct answer is: Symbol 8

The coverage symbol that pertains specifically to rental cars on a Business Auto Policy is Symbol 8. This symbol is used to cover "hired autos," which include vehicles that are rented, leased, or borrowed by the insured for business purposes. Understanding this symbol is crucial for commercial entities that frequently require rental vehicles to conduct their operations. It provides the necessary liability coverage for rented cars, ensuring that businesses are protected while using these vehicles for work-related tasks. The comprehensive nature of Symbol 8 allows businesses to manage the risks associated with rental vehicles without having to seek separate policies for coverage. In contrast, other symbols within the Business Auto Policy serve different purposes and apply to various vehicle types or usages, but do not specifically address rented vehicles. For instance, other symbols may apply to owned vehicles or specifically designated vehicles that do not include rentals. Thus, when dealing with rental cars, Symbol 8 is the key coverage to reference.