Question

With regard to the Commercial Auto Policy, all of the following autos would be classified as "owned autos," EXCEPT:

a) A vehicle titled to another entity and furnished and available to an insured for their regular use.
b) A vehicle titled to the named insured and listed on the declaration page of the policy.
c) A vehicle titled to the named insured but not listed on the declaration page of the policy.
d) A vehicle furnished for use to an insured by an auto repair shop, as a temporary substitute, while the insured's covered auto is being serviced.

Answer 1

According to the Commercial Auto Policy, the only option that would not be classified as an 'owned auto' is a vehicle titled to the named insured but not listed on the declaration page of the policy.

Step-by-step explanation:

In the Commercial Auto Policy, all vehicles listed on the declaration page of the policy and those titled to the named insured are classified as "owned autos."

Option a) A vehicle titled to another entity and furnished and available to an insured for their regular use would not be classified as an "owned auto," as it is titled to a different entity.

Option c) A vehicle titled to the named insured but not listed on the declaration page of the policy would still be classified as an "owned auto," as it is titled to the named insured.

Option d) A vehicle furnished for use to an insured by an auto repair shop, as a temporary substitute, while the insured's covered auto is being serviced would be classified as a temporary substitute auto.

Therefore, the correct answer is: c) A vehicle titled to the named insured but not listed on the declaration page of the policy.