Which statement best describes how Symbol 2 interacts with automatic coverage for newly acquired autos?

Which statement best describes how Symbol 2 interacts with automatic coverage for newly acquired autos?

• A. Symbol 2 triggers liability, comprehensive, and collision
• B. Symbol 2 triggers only liability
• C. Symbol 2 provides no automatic coverage
• D. Symbol 2 triggers only collision

Answer: (A)

Symbol 2 designates owned autos only. Because this symbol covers vehicles you own, any newly acquired auto that you own automatically receives the same coverages that apply to your other owned autos. Those automatic extensions typically include liability, plus physical-damage coverages—comprehensive and collision—for the newly acquired vehicle for a short period while it’s being added to the policy. In other words, once you own the new auto, you’re protected for the injuries and property damage you may cause (liability) and for damage to the vehicle itself (comprehensive and collision) right away. This full automatic extension wouldn’t be limited to just one type of coverage, which is why the statement that best describes Symbol 2’s interaction is that it triggers liability, comprehensive, and collision for newly acquired autos.

Symbol 2 designates owned autos only. Because this symbol covers vehicles you own, any newly acquired auto that you own automatically receives the same coverages that apply to your other owned autos. Those automatic extensions typically include liability, plus physical-damage coverages—comprehensive and collision—for the newly acquired vehicle for a short period while it’s being added to the policy. In other words, once you own the new auto, you’re protected for the injuries and property damage you may cause (liability) and for damage to the vehicle itself (comprehensive and collision) right away. This full automatic extension wouldn’t be limited to just one type of coverage, which is why the statement that best describes Symbol 2’s interaction is that it triggers liability, comprehensive, and collision for newly acquired autos.