Simon Purchased for Cash a Used Boat and Trailer from Haggard

Simon purchased for cash a used boat and trailer from Haggard Maritime Inc. at 4:56 PM. He phoned his insurance agent and asked if he could get insurance immediately so he could bring the boat and trailer home. The agent said, "You are covered as of 12:01 noon today." Simon got into a traffic accident at 6:32 PM the same day, where the boat and trailer were severely damaged. Will the insurance company pay this claim?

A) No, since acceptance had not been received from the company.
B) Yes, because the agent would have authority to bind the company.
C) No, because the agent would not have been able to bind the company.
D) No, since the agent's actions were illegal and probably against company policy.
E) This would depend on who was at fault in the accident.