What does SYM mean on car a insurance policy?

Answer 1

The acronym SYM on a car insurance policy means symbol. ISO rating symbols for auto insurance are used to assign values to vehicles based on the car make and model and car safety ratings, among other things. The value of the vehicle and its repair costs as determined by real life loss experiences are also taken into account to assign ratings. The purpose of an ISO rating is to determine the risk to the insurance company to insure the vehicle.

Answer 2

SYM on a car insurance policy stands for "Symbol." The symbol is a code used to indicate the type of vehicle being insured. Each insurance company uses its own symbols, and they can vary depending on the company.

The symbol is often used to classify vehicles into different categories, such as cars, trucks, motorcycles, etc. Each category may have different pricing and coverage options, so it's important to have the correct symbol for your vehicle.

For example, a car with SYM 8 would be considered a luxury car, while a SYM 2 is usually a compact car and so on.

It's important to note that the symbol code is not standard across all insurance companies and states, so it's best to check with your insurance provider to understand the exact meaning of the symbol code on your policy.