Under the "What Automobiles Are Covered" section of O.A.P. 1 Owner's Policy, a newly acquired automobile is automatically covered for a period of 14 days. This automatic coverage is limited to: a vehicle which replaces one already insured under the policy and not to additional automobiles. private passenger vehicles which are mainly used for pleasure purposes. private passenger vehicles and no other types of automobile. those coverages which applied to the vehicle replaced, or to all of the insured's vehicles if it is an additional automobile.

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39 01 90
Under the "What Automobiles Are Covered" section of O.A.P. 1 Owner's
Policy, a newly acquired automobile is automatically covered for a period
of 14 days. This automatic coverage is limited to:
a vehicle which replaces one already insured under the policy and not to
additional automobiles.
private passenger vehicles which are mainly used for pleasure purposes.
private passenger vehicles and no other types of automobile.
those coverages which applied to the vehicle replaced, or to all of the
insured's vehicles if it is an additional automobile.
Transcribed Image Text:39 01 90 Under the "What Automobiles Are Covered" section of O.A.P. 1 Owner's Policy, a newly acquired automobile is automatically covered for a period of 14 days. This automatic coverage is limited to: a vehicle which replaces one already insured under the policy and not to additional automobiles. private passenger vehicles which are mainly used for pleasure purposes. private passenger vehicles and no other types of automobile. those coverages which applied to the vehicle replaced, or to all of the insured's vehicles if it is an additional automobile.
Your client was recently widowed. She is selling her home and buying a
condominium unit in ahigh rise building. She asks what changes she will
need to make to her Homeowners insurance. What would be your reply?
Endorse the change of address, delete the building and liability coverages
and keep her Homeowners policy. Her unit and her liability will be covered
by the Condominium Corporation's Master Policy.
The improvements to her unit do not need to be included in her policy
because they are insured by the Condominium Corporation's Master Policy,
otherwise she now needs a Tenants Comprehensive Policy.
The Homeowners policy must be replaced by a Condominium Unit Owners
policy, which gives certain extra coverages she needs as a unit owner.
As the owner/occupant of the unit, she will be eligible for special rates on her
Homeowners policy, which will simply be transferred to her new address.
Transcribed Image Text:Your client was recently widowed. She is selling her home and buying a condominium unit in ahigh rise building. She asks what changes she will need to make to her Homeowners insurance. What would be your reply? Endorse the change of address, delete the building and liability coverages and keep her Homeowners policy. Her unit and her liability will be covered by the Condominium Corporation's Master Policy. The improvements to her unit do not need to be included in her policy because they are insured by the Condominium Corporation's Master Policy, otherwise she now needs a Tenants Comprehensive Policy. The Homeowners policy must be replaced by a Condominium Unit Owners policy, which gives certain extra coverages she needs as a unit owner. As the owner/occupant of the unit, she will be eligible for special rates on her Homeowners policy, which will simply be transferred to her new address.
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