Under what condition is a new auto covered under Symbol 7?

The coverage provided under Symbol 7 typically applies to newly acquired vehicles. This symbol is part of the Commercial Auto coverage form, which ensures that new vehicles are protected in specific situations.

A newly acquired auto is covered under Symbol 7 if it is reported within 30 days of acquisition. This is a key stipulation as it ensures that the insurer is aware of the new vehicle and can adjust the policy accordingly. Additionally, for a new vehicle to be covered, it generally needs to fall under the same insurance policy that covers the other vehicles. This makes it easier for policyholders, as they do not need to purchase separate coverage for each new vehicle.

Moreover, coverage under Symbol 7 also applies if the new vehicle replaces a previously owned vehicle. In this case, the new vehicle continues the coverage that existed for the old vehicle, maintaining protection for the policyholder without gaps.

Therefore, all these conditions—reporting within a specified time frame, the vehicle being under the same policy, and the requirement that it replaces another vehicle—are integral to ensuring comprehensive coverage for newly acquired vehicles under Symbol 7. Hence, choosing all of the options as a correct response aligns with the principles underlying Symbol 7 coverage.