I have a question about a stolen trailer that was recovered with damage on a Business Auto Policy CA 00 01 10/13 that is not listed but the insured has symbol 2 on the policy. They have owned it since they bought the van that IS listed, and the insured said he thought that coverage went together and they only needed to insure the van (maybe he is thinking liability coverage?). The van was on the new policy with us effective 5/15/2017 so they have owned it several years. If they have owned it longer than the current policy term (which they have), would there be coverage for this owned but not listed trailer?
Ohio Subscriber
Symbol 2 under the commercial auto policy covers owned autos, including those newly acquired during the policy term, and non-owned trailers for liability coverage when they are attached to an owned vehicle.
Since the trailer was owned by the insured, it is covered, even though not reported. Symbol 2 does not require reporting under the terms of the coverage form, so it is important for the insurer to obtain a current schedule of owned vehicles and trailers for each policy term.