Which statement is true regarding collision coverage for Riley's new sedan?

The statement about the need for Riley to notify the insurer about the newly acquired sedan within four days is accurate because most Personal Auto Policies (PAP) require immediate notification to extend coverage to newly acquired vehicles. Typically, the policy allows a specific grace period, often around four days, for the insured to inform the insurance company about the addition of a new vehicle. If the insurer is not notified within this timeframe, coverage may not apply, which is why timely communication is essential for maintaining uninterrupted coverage for the new sedan.

The other options do not accurately reflect typical policy provisions. Automatic coverage for a newly acquired vehicle is often subject to notification requirements, highlighting the importance of the correct answer in maintaining proper coverage.