Replacement auto definition

Replacement auto means an auto that permanently replaces an auto shown on the declarations page. A replacement auto will have the same coverage as the auto it replaces if the replacement auto is not covered by any other insurance policy. However, if the auto being replaced had coverage under Part IV—Damage To A Vehicle, such coverage will apply to the replacement auto only during the first 30 days after you become the owner unless you notify us within that 30-day period that you want us to extend coverage beyond the initial 30 days. If the auto being replaced did not have coverage under Part IV—Damage To A Vehicle, such cover- age may be added, but the replacement auto will have no coverage under Part IV until you notify us of the replacement auto and ask us to add the coverage.

Replacement auto means an auto that you become the owner of and that you acquire or purchase during the policy period to take the place of an auto described on the Declarations Page.

Replacement auto means an auto that you become the owner of during the policy period, which permanently replaces an auto shown on the declarations page. The ownership date will be determined by the earlier of the date you become the registered owner, or the date you first take possession of the auto subject to a conditional sale or lease agreement. A replacement auto will have the same coverage as the auto it replaces if the replacement auto is not covered by any other insurance policy. However, if the auto being replaced had coverage under Part IV — Damage To A Vehicle, such coverage will apply to the replacement auto only during the first five (5) days after you become the owner unless you notify us within that five (5) day period that you want us to extend coverage beyond the initial five (5) days. If the auto being replaced did not have coverage under Part IV —Damage To A Vehicle, such coverage may be added, but the replacement auto will have no coverage under Part IV until you notify us of the replacement auto and ask us to add the coverage.

Examples of Replacement auto in a sentence

• Replacement auto parts is often referred to as “counter-cyclical,” meaning that people are more likely to fix up old cars and less likely to buy new cars in a recession.

• Replacement auto lamps (bulbs) must be carried for each standard bulb light fitting.

• Replacement auto means an auto that you become the owner of and that you acquire or purchase during the policy period to take the place of an auto described on the Declarations Page because of:The following endorsement applies only if form number 4293 appears on your Declarations Page: CUSTOM OR ADDITIONAL EQUIPMENT COVERAGE If the Declarations Page shows a premium charged for Custom or Additional Equipment Coverage, we will pay for a direct and accidental loss to additional equipment.

More Definitions of Replacement auto

Replacement auto means an auto that you acquire to replace an auto shown on the Declarations Page if no other insurance applies to the acquired auto and we insure all autos that you own. Any coverage we provide for a replacement auto is subject to the following terms: 1. On the date you become the owner of a replacement auto, if coverage applies under this Policy, that replacement auto will have the same coverage as the auto shown on your Declarations Page that is being replaced. 2. The deductible that applies to a replacement auto shall be the same as the auto it replaced. 3. All coverage we provide for the replacement auto ends thirty (30) calendar days after you become the owner if you do not ask us to insure it within those thirty (30) calendar days. 4. Any coverage you ask us to add to the auto or any increase of limits of liability shall not begin until after: a. We agree to add the coverage or increase the limits; and b. You pay any additional premium when due.

Replacement auto means a newly acquired auto or utility auto you own which is a permanent replacement for the auto described on the Policy Declarations. You must notify us within 30 days of acquisition and pay any additional premium.

Replacement auto means an auto that permanently replaces an auto listed on the Declarations page. A replacement auto will have the same coverage as the auto it replaces. You must notify us of a replacement auto within 20 days only if you wish to:

Replacement auto means a vehicle, other than an "additional auto":

Replacement auto means an auto that permanently replaces an auto shown on the declarations page . A replacement auto will have the same coverage as the auto it replaces if the replacement auto is not covered by any other insurance policy . However, if the auto being replaced had coverage under Part IV - Damage To A Vehicle, such coverage will apply to the replace- ment auto only during the first 30 days after you become the owner unless you notify us within that 30-day period that you want us to extend coverage beyond the initial 30 days . If the auto being replaced did not have coverage under Part IV - Damage To A Vehicle, such coverage may be added, but the replacement auto will have no coverage under Part IV until you notify us of the replacement auto and ask us to add the coverage .

Replacement auto means an auto that permanently replaces an auto shown on the declarations page. A replacement auto will have the same coverage as the auto it replaces if the replacement auto is not covered by any other insurance policy. However, if the auto being replaced had coverage under Part IV—Damage To A Vehicle, such coverage will apply to the replacement auto only during the first 30 days after you become the owner unless you notify us within that 30-day period that you want us to extend coverage beyond the initial 30 days. If the auto being replaced did not have coverage under Part IV—Dam- age To A Vehicle, such coverage may be added, but the replacement auto will have no coverage under Part IV until you notify us of the replacement auto and ask us to add the coverage.

Replacement auto means an auto that permanently replaces an auto shown in the Declarations. A replacement auto will have the same coverages as the auto it replaces provided that no other insurance provides coverage for the replacement auto and it is acquired during the policy period shown in the Declarations. If you wish to continue coverage under Part D – Damage to Your Auto for the replacement auto, you must ask us to provide the coverage within 30 days after you become the owner of the replacement auto. If the auto it replaces does not have coverage under Part D – Damage to Your Auto, you must ask us to add the coverage and you must pay the additional premium due prior to the effective date those coverages are added.The thirty (30) day notice period shall not have the effect of extending the policy term beyond its expiration or cancellation date. You will have no coverage of any type during the thirty (30) day period after you acquire a replacement auto if you do not satisfy all the conditions listed above.Continuation of coverage beyond the 30-day period is subject to our agreement to do so. Our decision will be based in part on ourunderwriting rules in effect at the time you request that we continue coverage.