Under the Standard Policy Form, how long is temporary coverage provided for a newly acquired automobile?

Study for the Alberta General Insurance Level 2 License Exam. Engage with flashcards and multiple choice questions, each question comes with hints and explanations. Prepare effectively for your exam!

Under the Standard Policy Form, temporary coverage for a newly acquired automobile is provided for a duration of 14 days. This provision is designed to offer immediate protection for individuals who have purchased a new vehicle and have not yet had the opportunity to formally add it to their insurance policy. The rationale behind this temporary coverage is to ensure that policyholders have a sufficient grace period to arrange for the proper insurance documentation without leaving themselves exposed to potential liability or loss during the transition. After the 14-day period, the vehicle must be formally added to the policy to maintain coverage.

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