Symbol #7 is associated with what kind of coverage?

Prepare for the Iowa Property and Casualty Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Symbol #7 is associated with specifically described autos only. This symbol is part of the auto insurance policy symbols used in the Personal Auto Policy (PAP) and commercial auto insurance. Specifically, Symbol #7 indicates that coverage applies only to the vehicles that are explicitly listed or described in the policy declarations.

This means that the insured will only have protection for those vehicles named in the policy, as opposed to a broader classification like "any autos" or "newly acquired autos." By using this symbol, the insurance company is ensuring that the insured is aware of precisely which vehicles are covered, making it important for both coverage limits and claims.

Other options, while related to types of coverage in auto insurance, serve different purposes. For instance, "any autos" refers to coverage for all vehicles owned by the insured, while "newly acquired autos" provides automatic coverage for recently purchased vehicles for a certain period if they meet policy eligibility. "Owned autos on a scheduled basis" suggests a list of vehicles that the policyholder has specifically included on a scheduled basis but differs from the concept of describing vehicles that are covered under symbol #7.

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