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Overcoming a Symbol 7 Limitation with Symbol 8

Your insured's business auto policy includes Symbols 7 and 8. He acquires a new vehicle, but fails to report it until he has an accident three months later. Normally, there is no coverage under Symbol 7 for acquired vehicles beyond 30 days. However, rather than buy the vehicle, he leased it under a long-term lease agreement. Does that make a difference?

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