What type of vehicles does Symbol 5 refer to?

Symbol 5 specifically refers to owned autos that are subject to no-fault laws in a commercial auto policy context. No-fault laws require that an insured party's own insurer covers their medical expenses and loss of income regardless of who was at fault in an accident, which is a critical aspect of personal injury protection in certain states.

When a policy includes Symbol 5, it indicates that the coverage is applicable in scenarios where vehicles are involved in accidents within jurisdictions that enforce no-fault regulations. This is particularly relevant for adjusters, as they need to understand the nuances of such laws and how they impact claims processing and liability determinations.

Other options presented do not align with the definition and context of Symbol 5. For instance, owned cars without coverage would not be applicable as Symbol 5 indicates specific coverage is in place. Hired auto coverage pertains to vehicles hired by the insured, which is distinct from owned autos. Lastly, uninsured vehicle coverage relates to vehicles not insured against bodily injury liability, which does not capture the intent of Symbol 5 in no-fault jurisdictions. Understanding these distinctions is crucial for effective claims management and accurate policy application.