Term
| Employers nonownership liability |
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Definition
| An employer's liability for its employees' operation of their autos in the employer's business. (p. 10.5) |
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Term
| Business Auto Coverage Form |
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Definition
| A coverage form, filed by ISO, that covers liability arising out of the ownership, maintenance, or use of autos and physical damage to autos owned, leased or hired by the named insured. (p. 10.6) |
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Term
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Definition
| Numeric symbols used in a commercial auto policy to indicate which autos are covered for particular coverages. (p. 10.7) |
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Term
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Definition
| Coverage for direct and accidental loss or damage to a covered auto caused by collision with another object or by overturn. (p. 10.19) |
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Term
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Definition
| Coverage for direct and accidental loss or damage to a covered auto by any peril except collision or overturn or a peril specifically excluded. (p. 10.19) |
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Term
| Specified causes of loss coverage |
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Definition
Coverage for direct and accidental loss caused by fire, lightning, explosion, theft, windstorm, hail, earthquake, flood, mischief, vandalism, or loss resulting from the sinking, burning, collision, or
derailment of a conveyance transporting the covered auto. (p. 10.20) |
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Term
| Towing and labor coverage |
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Definition
| Coverage for necessary towing and labor costs (for labor performed at the place of disablement) due to the disablement of a covered private passenger auto. (p. 10.20) |
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Term
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Definition
| Coverage extension for substitute transportation costs incurred when a private passenger type auto has been stolen (p. 10.20) |
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Term
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Definition
| Coverage extension that pays for loss of use of a rental auto when an insured becomes contractually obligated to make such payments. (p. 10.20) |
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Term
| Auto medical payments coverage |
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Definition
| Coverage for medical expenses incurred by occupants of a covered auto, regardless of whether the auto's driver was at fault in the accident. (p. 10.26) |
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Term
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Definition
| State statutes that require motorists to purchase (or require insurers to make available) insurance that provides minimum first-party benefits to injured persons regardless of fault. (p. 10.26) |
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Term
| Personal injury protection (PIP) coverage |
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Definition
| Coverage that pays benefits, regardless of fault, for medical expense, income loss, and other benefits, resulting from bodily injury to occupants of a covered auto. (p. 10.27) |
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Term
| Uninsured and underinsured motorists laws |
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Definition
| State statutes that require auto insurers to offer uninsured and underinsured motorists coverage to all insured motorists who are their policyholders. (p. 10.28) |
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Term
| Uninsured motorists (UM) coverage |
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Definition
| Coverage that provides a source of recovery for occupants of a covered auto or for qualifying pedestrians who are injured in an accident caused by an at-fault motorist who does not have the state minimum liability insurance or by a hit-and-run driver. (p. 10.28) |
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Term
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Definition
| The coverage form, filed by ISO, that covers the commercial auto and general liability exposures of auto and trailer dealers. (p. 10.29) |
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Term
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Definition
| Insurance that covers the insured's liability for damage by a covered cause of loss to autos left in the insured's care while the insured is attending, servicing, repairing, parking, or storing the autos in the garage operation. (p. 10.32) |
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Term
| Garagekeepers direct excess option |
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Definition
| Option that modifies garagekeepers coverage to include coverage in situations when the insured is not legally liable for loss to a customer's auto; this additional coverage applies in excess of what customers can collect under their own insurance. (p. 10.33) |
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Term
| Garagekeepers direct primary option |
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Definition
| Option that modifies garagekeepers coverage so that it will pay all covered losses on a primary basis, regardless of whether the insured is legally liable and regardless of whether customers can recover under their own insurance. (p. 10.33) |
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Term
| Motor Carrier Coverage Form |
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Definition
| The coverage form, filed by IS0, that covers businesses using autos to transport property of others or, in some cases, their own property. (p. 10.35) |
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Term
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Definition
| Individuals who lease themselves and their owned trucks to motor carriers to transport property for the motor carrier. (p. 10.36) |
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Term
| Bobtail and deadhead coverage |
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Definition
| Coverage for an owner-operator's use of his or her truck while not under lease to a motor carrier (and therefore not covered under the motor carrier's auto policy). (p. 10.36) |
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Term
| Trailer interchange agreement |
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Definition
| A contract under which a motor carrier agrees to swap trailers with another motor carrier. (p. 10.36) |
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Term
| Trailer interchange coverage |
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Definition
| Coverage for a motor carrier's liability for damage to trailers in its possession under a written trailer interchange agreement. (p. 10.37) |
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Term
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Definition
| Trucks in the medium and larger size classes that are operated beyond a 200-mile radius of the principal garaging location and that are subject to zone rating, which considers the territories in which insured vehicles operate. (p. 10.39) |
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