What is the coverage provided for a newly acquired vehicle?

The correct answer is that the newly acquired vehicle typically receives the broadest coverage except for collision damage. This means that the insurance policy automatically extends certain coverages to the new vehicle in a way that offers comprehensive protection against various risks, such as theft, vandalism, and fire damage right away.

However, collision coverage, which protects against damage to the vehicle arising from a collision, may not be included until the policyholder specifically adds that coverage or informs the insurance company about the new vehicle. This provision allows some initial safety net without requiring immediate action on the policyholder's part, ensuring that they are protected against many risks right away.

In contrast, the other options represent scenarios that do not typically align with standard insurance practices regarding newly acquired vehicles. For example, having only liability coverage would leave the vehicle and the driver unprotected against comprehensive risks. Saying that there is no coverage until the vehicle is declared or that coverage only begins after a waiting period of 30 days does not reflect the general terms found within most insurance policies, which usually allow for immediate automatic coverage for new additions to the policy.