Louisiana P&C Adjuster Practice Exam 2025 – The All-in-One Guide to Exam Success!

In a Commercial Auto Policy, the symbol that represents hired autos is indeed Symbol #7. This symbol covers vehicles that are leased, hired, rented, or borrowed. Understanding these symbols is crucial for correctly interpreting coverage in a Commercial Auto Policy.

The importance of Symbol #7 lies in its specific coverage for hired vehicles, which are often essential for businesses that require transportation but do not own all their vehicles. This allows companies to undertake operations that require transportation without exposure to liability for vehicles they do not own.

Other symbols refer to different types of coverage: for example, Symbol #5 typically covers owned vehicles that are specifically shown in the policy, while Symbol #8 would indicate owned vehicles not listed in the policy for regular business use. Symbol #9, often related to non-owned vehicles, serves another specific purpose. Each symbol has its definition and practical application, making it critical for adjusters and policyholders to be aware of these distinctions.

In this context, recognizing the significance of hired autos within commercial insurance is essential for ensuring comprehensive coverage and mitigating risks for businesses that rely on external vehicles for operations.