Personal Auto InsuranceQuestion 17 of 158

A 'newly acquired auto' under the Personal Auto Policy:

a.Is never covered until added to the declarations and premium is paid
b.Is covered for life regardless of when the insurer is notified
c.Receives automatic coverage if the insured notifies the insurer within the policy's stated window (typically 14 or 30 days)
d.Is automatically covered only if it replaces a vehicle that was totaled

Explanation

The PAP extends automatic coverage to a newly acquired auto, but the insured must report the acquisition to the insurer within the policy's stated time period — typically 14 days for some coverages and up to 30 days for others, depending on the form. Failing to notify the insurer in time can leave physical damage coverage in particular unenforceable on the new vehicle.

Law Reference: ISO PAP definitions

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