How does the Personal Auto Policy handle newly acquired vehicles?

The Personal Auto Policy provides a provision that automatically covers newly acquired vehicles under specific conditions for a limited time, typically 14 to 30 days, depending on the policy. This automatic coverage applies as long as the policyholder has insurance on at least one vehicle and the new vehicle is of a similar type as those already listed on the policy. This feature is designed to ensure that policyholders have some level of protection for new purchases without needing to immediately update their policy.

This automatic coverage is beneficial because it provides immediate assurance for the owner while they finalize their insurance details. After the initial coverage period, the policyholder must add the new vehicle to their policy to maintain coverage without interruption. This information is critical for policyholders to understand, as it allows for more flexibility and ease when acquiring additional vehicles.