Within what time frame must an insured inform the insurer of a newly acquired auto under symbol 7 of the business auto policy?

When dealing with symbol 7 of the business auto policy, the correct timeframe for informing the insurer about a newly acquired auto is indeed 30 days after acquiring it. This time frame is set to ensure that the new vehicle is covered under the insured's existing policy without any lapse in protection. Insurers require prompt notification because they need to assess the risk associated with the new vehicle and adjust coverage and premiums accordingly. By providing the insured with a 30-day window, it allows for a reasonable balance, giving them time to contact the insurer while still enforcing the importance of timely communication regarding changes to their auto coverage. This immediate notification is essential for maintaining continuous coverage on newly owned autos.