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The insured auto dealer has opted to include Part IV - Garage Physical Damage coverage to her policy. Which of the following symbols must be indicated on the Declarations page of the policy for physical damage coverage to apply?

User Jkoreska
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1 Answer

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Final answer:

Symbol 30 must be indicated on the Declarations page of the policy for physical damage coverage to apply to the insured auto dealer's policy.

Step-by-step explanation:

The insured auto dealer has opted to include Part IV - Garage Physical Damage coverage to her policy. In order for physical damage coverage to apply, the symbol that must be indicated on the Declarations page of the policy is Symbol 30.

Symbol 30 provides coverage for loss or damage to covered autos that are owned by the insured and used in the insured's garage business, including any newly acquired autos. It also covers autos that are being transported to or from the dealer's premises, as well as autos held for sale.

Other symbols, such as Symbol 31 and Symbol 32, provide coverage for physical damage to autos the insured has not yet sold or acquired, and for physical damage to non-owned autos, respectively. However, for physical damage coverage to apply to the insured auto dealer's policy, Symbol 30 must be indicated on the Declarations page.

User Eulis
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