What is represented by Symbol #31 in automobile insurance?

Symbol #31 in automobile insurance specifically refers to "Dealers Autos." This symbol is commonly used in commercial auto insurance policies to indicate vehicles that are owned by auto dealers. These vehicles may include those that are available for sale, demonstration purposes, or used for the dealer's business operations.

Understanding the context of this symbol is important because it delineates the types of vehicles that are covered under a dealer's insurance policy. This ensures that the dealer is adequately protected against potential liabilities arising from the use of vehicles that are integral to their business, distinguishing them from personal or non-business-related vehicles.

In contrast, the other options relate to different aspects of vehicle insurance coverage. For instance, owned trailers not in possession and non-owned autos or trailers under specific agreements pertain to arrangements that do not involve a dealer's business operations directly, therefore do not align with the definition of Symbol #31. Recognizing the correct interpretation of these symbols is crucial for insurance agents and adjusters to ensure that clients receive appropriate coverage.