Which coverage extension allows for coverage on newly acquired property?

The coverage extension that allows for coverage on newly acquired property is indeed the one focusing on newly acquired or constructed property. This extension is particularly important for businesses that regularly invest in new assets to support their operations.

When companies acquire new equipment, inventory, or other property, this extension ensures that these new items are covered under the existing insurance policy without needing to update or take out a new policy immediately. This type of coverage typically has certain limits and time frames—often it provides coverage up to a specific dollar amount and for a designated period after acquisition.

This feature is crucial for businesses as it provides immediate financial protection for new investments, reducing the risk of loss during the transition period until the updated policy or inventory can be formally listed.