Your insured owns two vehicles, registered and insured under an OAP#1. Vehicle #1 has collision and...

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Your insured owns two vehicles, registered and insured under an OAP#1. Vehicle #1 has collision and comprehensive coverage. Vehicle #2 has only comprehensive coverage. He buys a third vehicle on the weekend, without having contacted the insurance company, and the vehicle is demolished in a collision. What is the status of his coverage under the policy regarding this loss? a) There is full coverage as both vehicles are insured with the same insurer. b) He is covered because he had 14 days to notify the insurer. c) He has no collision coverage on the new third vehicle. d) He is covered because he has 14 days to notify the insurer, all vehicles are insured with the same insurer and vehicle #1 has collision coverage. Your insured owns two vehicles, registered and insured under an OAP#1. Vehicle #1 has collision and comprehensive coverage. Vehicle #2 has only comprehensive coverage. He buys a third vehicle on the weekend, without having contacted the insurance company, and the vehicle is demolished in a collision. What is the status of his coverage under the policy regarding this loss? a) There is full coverage as both vehicles are insured with the same insurer. b) He is covered because he had 14 days to notify the insurer. c) He has no collision coverage on the new third vehicle. d) He is covered because he has 14 days to notify the insurer, all vehicles are insured with the same insurer and vehicle #1 has collision coverage.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The correct answer is c He has no colli... View the full answer