Final answer:
Commercial auto insurance does not automatically include uninsured motorist coverage or medical payments; these are additional options. The correct statement regarding commercial auto insurance is that it allows the insured to tailor the policy by deciding which coverages should be applied to each vehicle.
Step-by-step explanation:
When examining the truth about commercial auto insurance coverage, it's important to understand that policies vary and options are often customizable. However, standard policies do not automatically include uninsured motorist coverage or medical payments. Instead, these coverages are typically options that require the policyholder to opt in for an additional premium. Understanding the baseline coverage of commercial auto policies is essential, as coverage for uninsured motorists and medical payments can be crucial for financial protection in the event of an accident involving an uninsured party or medical expenses arising from an accident. Nevertheless, commercial auto policies typically do allow the insured to tailor the policy by deciding what coverages should be applied to different vehicles, providing flexibility and control over the protection level for each vehicle under the policy. Therefore, of the options presented, the correct answer is number 4: which allows the insured to tailor the policy by deciding what coverages should be applied to different vehicles. Uninsured motorist coverage and medical payments are not automatically included and would need to be specified and selected by the policyholder.