What is required for coverage of new vehicles under Business Auto Policy Symbol # 1?

The correct answer is that no reporting is required for coverage of new vehicles under a Business Auto Policy with Symbol # 1. This symbol refers to "Any Auto," which indicates that the policy provides coverage for all autos owned, leased, hired, or borrowed by the insured.

In this context, new vehicles that are added to the insured’s fleet automatically gain coverage as soon as they are acquired, without the need for the insured to report these vehicles to the insurer. This feature offers convenience and flexibility for businesses that might frequently update their vehicle inventory.

It's essential to understand that while other options might seem relevant, they are not necessary for the automatic coverage provided by Symbol # 1. For instance, while reporting within a specific timeframe, having inspections, or paying for additional premiums might apply to different types of insurance scenarios or other symbols within a business auto policy, they do not apply in this case for new vehicles covered under the "Any Auto" provision.