What does the symbol #2 in a Business Auto Policy signify?

Prepare for the Mississippi Adjuster License Exam. Study with comprehensive flashcards and multiple choice questions, each equipped with hints and explanations to ensure exam readiness!

The symbol #2 in a Business Auto Policy specifically signifies "Owned Autos Only." This includes any vehicles that are owned by the business, which encompasses cars, trucks, and other vehicles that the company has purchased. This is crucial for understanding coverage under the policy, as it indicates that all owned vehicles are covered for the business's operations.

The other options fail to align with the definition of symbol #2. For instance, leased vehicles would fall under a different symbol that pertains specifically to rented or leased vehicles. Non-owned trailers would be categorized separately as well, reflecting another aspect of coverage within the auto policy. Finally, the notion of vehicles used exclusively for personal use does not apply to commercial policies like a Business Auto Policy. Understanding these distinctions is important for ensuring the appropriate coverage is identified and selected for business operations.

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