"Symbol 3: Owned Private Passenger Autos Only"

Symbol 3 applies to owned private passenger autos only, including private passenger autos of which the named insured acquires ownership during the policy period. This symbol can also be used for any coverage under the auto form.

For example, it might be used as an underwriting tool when an insurer is willing to cover a fleet of private passenger autos but does not want to assume liability for larger vehicles that the insured might acquire during the policy period. An equally practical application might be for uninsured motorists coverage in a state where uninsured motorists coverage is not mandatory and the insured only wishes to have the coverage on its private passenger vehicles.