How many days does an insured have to request collision coverage on a newly acquired auto?

When a policyholder acquires a new vehicle, they're often provided a grace period to add collision coverage to ensure that the newly purchased auto is adequately protected. The timeframe commonly recognized for this grace period is four days. During this period, the insured can request to add collision coverage to their existing auto policy without the need for additional underwriting or waiting periods. This rule is crucial because it protects the insured from potential gaps in coverage when transitioning to a new vehicle.

Understanding this time frame is essential for policyholders as it helps them manage their insurance needs effectively and avoid being underinsured or facing incidents without proper coverage during that transitional phase.