Covered Auto Designation Symbol Question

If a business owner mistakenly deletes a vehicle during the policy year and later in the year has an accident in that vehicle, does he have liability coverage for the accident? Or, if a unit is involved in an accident and because it will take several months before the unit is repaired, the owner decides to delete the vehicle with the intention of adding it back when the repairs are complete, but then forgets and uses the vehicle after repairs and does not put it back on the auto policy, and has another accident, does the owner have liability coverage in that instance? The covered auto designation symbol is symbol 1.

Arkansas Subscriber

The auto is considered a covered auto and the insured has coverage in both circumstances. Symbol 1 is for any auto and that includes any auto the insured owns, hires, borrows, leases, or uses. As long as the insured is legally responsible for the auto accident, symbol 1 gives him coverage for the use of any auto. And, the premium audit at the end of the policy period will allow the insurer to audit the actual exposures and adjust the premium accordingly.