Texas Property and Casualty License Practice Exam 2025 - Free Practice Questions and Study Guide

To ensure coverage for a newly acquired vehicle in situations where comprehensive and collision insurance is lacking, the insured must notify the insurer within a specified period, typically outlined by the terms of the policy. This action is crucial because it allows the insurance company to update the policy to include the newly acquired vehicle under the existing insurance coverage. By notifying the insurer, the insured can ensure that the vehicle is covered even if it initially lacks comprehensive and collision coverage.

This timeframe is important as it provides the insurer with the opportunity to assess any additional risks associated with the new vehicle. In many policies, failing to notify the insurer may result in a gap in coverage, exposing the insured to potential financial loss in the event of an accident or damage associated with the new vehicle.

Other options, such as paying an additional premium, purchasing a separate policy, or filing a claim, would not necessarily secure coverage for the new vehicle within the required timeframe and could result in complications or delayed coverage. Therefore, notifying the insurer is the critical step that ensures a smooth transition of coverage to the newly acquired vehicle.