Under a Businessowners policy, if an insured acquires a building on April 1st, it is automatically covered until which date?

When an insured acquires a new building and holds a Businessowners policy, there is a specific timeframe during which the new property is automatically covered. In this context, the automatic coverage for newly acquired buildings typically continues for 30 days from the date of acquisition. Given the acquisition date of April 1st, adding 30 days leads to a coverage end date of May 1st.

This provision is designed to provide quick coverage to the insured and protect them against potential losses during the transitional period without requiring immediate notification to the insurer. The option selected reflects the correct end date for this automatic coverage period.