What does Symbol #43 and #63 indicate?

The symbols #43 and #63 in the context of automobile insurance typically refer to specific coverages related to owned commercial autos. Symbol #43 indicates "owned private passenger autos," while #63 represents "owned commercial autos." This means that these symbols are primarily concerned with vehicles that a business owns and uses for commercial purposes as opposed to personal usage or non-owned vehicle situations.

Understanding these symbols is crucial for accurately determining coverage in a policy. When dealing with owned commercial vehicles, the policies usually provide liability, comprehensive, and collision coverages specific to those vehicles. Recognizing this can help adjusters assess claims effectively and ensure the insured receives the right benefits in the event of an incident involving these types of vehicles.