Instructions ACORD 137CA Truckers Physical Damage Section

Instructions ACORD 137CA Truckers Physical Damage Section

TRUCKERS PHYSICAL DAMAGE

Instructions ACORD 137CA Truckers Physical Damage Section

COMP / OTC

COMP means comprehensive coverage. Comprehensive insurance provides protection for your vehicle if it is damaged by something other than a collision with a vehicle or object, or if your vehicle is stolen.

OTC means other than collision coverage.

COVERED AUTO SYMBOLS - Look at the very last block in the Truckers Section. On the far left it is titled "COVERED AUTO SYMBOLS.

These correspond to the check boxes in the Liability Section under Covered Auto Symbols. You will check any and all which apply for this policy.

The options are...

42 - All Owned Autos - does not cover non-owned or hired
43 - Owned Commercial Autos ONLY - does not cover private passenger vehicles, etc.
46 - Specifically Described Autos - only covers listed vehicles
47 - Hired Autos - rental cars under short term rental agreement

The check box without a number lets you manuscript your own symbol. Be sure you add a text description or no one other than you will understand what you mean.

You do not enter a limit for this row.

DEDUCTIBLE - Enter the comprehensive or OTC deductible. If there is no deductible enter none or ACV.


SPECIFIED CAUSES OF LOSS

This is an alternative to comprehensive coverage. Comprehensive coverage is more an All -Risk coverage. Losses are coverage unless specifically excluded. Specified Causes of Loss only covers losses caused by things specifically listed.

COVERED AUTO SYMBOLS - Look at the very last block in the Truckers Section. On the far left it is titled "COVERED AUTO SYMBOLS.

These correspond to the check boxes in the Liability Section under Covered Auto Symbols. You will check any and all which apply for this policy.

The options are...

42 - All Owned Autos - does not cover non-owned or hired
43 - Owned Commercial Autos ONLY - does not cover private passenger vehicles, etc.
46 - Specifically Described Autos - only covers listed vehicles
47 - Hired Autos - rental cars under short term rental agreement

The check box without a number lets you manuscript your own symbol. Be sure you add a text description or no one other than you will understand what you mean.

Under Limits check the box for the specific coverages which  are being requested under this policy.

SCL - stands for Specified Cause of Loss
F - stands for Fire as the cause of loss
FT - stands for Fire and Theft as the cause of loss
FTW - stands for Fire, Theft and Windstorm as the cause of loss
LSP - stands for Limited Specified Perils as the cause of loss


DEDUCTIBLE - Enter the comprehensive or OTC deductible. If there is no deductible enter none or ACV.


COLLISION

Collision insurance provides protection for your vehicle if it is damaged in an accident. Collision insurance pays to repair or replace your vehicle if it collides with another object or overturns or rolls.

COVERED AUTO SYMBOLS - Look at the very last block in the Truckers Section. On the far left it is titled "COVERED AUTO SYMBOLS.

These correspond to the check boxes in the Liability Section under Covered Auto Symbols. You will check any and all which apply for this policy.

The options are...

42 - All Owned Autos - does not cover non-owned or hired
43 - Owned Commercial Autos ONLY - does not cover private passenger vehicles, etc.
46 - Specifically Described Autos - only covers listed vehicles
47 - Hired Autos - rental cars under short term rental agreement

The check box without a number lets you manuscript your own symbol. Be sure you add a text description or no one other than you will understand what you mean.

You do not enter a limit for this row.


WAIVER OF DEDUCTIBLE - check this box if your insured has selected this option.

A collision deductible waiver is a clause added as an option to some auto policies, which already include collision coverage, as a means of protecting the policyholder against under insured drivers.

DEDUCTIBLE - Enter the comprehensive or OTC deductible. If there is no deductible enter none or ACV.


TOWING & LABOR

COVERED AUTO SYMBOLS - Look at the very last block in the Truckers Section. On the far left it is titled "COVERED AUTO SYMBOLS.

These correspond to the check boxes in the Liability Section under Covered Auto Symbols. You will check any and all which apply for this policy.

The options are...

46 - Specifically Described Autos - only covers listed vehicles

The check box without a number lets you manuscript your own symbol. Be sure you add a text description or no one other than you will understand what you mean.

LIMIT - enter the dollar limit available under this policy.

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