What happens if Symbol 7 coverage is late reported for a newly acquired auto?

• A. No coverage until reported; coverage begins on the report date
• B. Coverage begins on the acquisition date
• C. The policy is canceled
• D. The auto is permanently excluded

Answer: (A)

Symbol 7 means you insure only the autos that are specifically described in the policy. For a newly acquired auto to be covered, you must report it to the insurer. If the auto is reported late, there is no coverage for that vehicle until the report is made, and the coverage becomes effective on the report date. This protects against retroactive coverage and reinforces the need for timely notification. The other possibilities—coverage starting at the acquisition date, cancellation of the policy, or permanent exclusion—don’t apply here because Symbol 7 requires you to notify and the coverage for the newly added auto begins only when that report is filed.