"Symbol 1: Any Auto"

Symbol 1 makes any auto a covered auto. The insured will have coverage for any auto that is owned, hired, borrowed, or used by the named insured. When symbol 1 is used, there is no need to indicate any other coverage symbol because symbol 1 encompasses all of them. Any auto that the insured acquires during the policy period is automatically covered and need not be reported to the insurance company before the insurer conducts an audit, which is ordinarily at the end of the policy period.

From the insured’s point of view, symbol 1 is clearly the best choice unless the insured wishes not to insure hired autos or nonownership liability. However, virtually any insured should be advised not to avoid buying hired and nonowned autos coverage, since almost any entity has a potential for exposures arising in those areas even if it does not anticipate using hired, borrowed, or nonowned autos.