What does the Personal Auto Policy define as "owned auto"?

The definition of "owned auto" in the Personal Auto Policy refers specifically to vehicles that are titled to the insured or vehicles that are leased for a duration of six months or more. This inclusion reflects a broader understanding of ownership, recognizing that leasing a vehicle also establishes a significant connection to the insured, similar to owning a vehicle.

In this context, a vehicle titled to the insured signifies absolute ownership, while leasing provides a practical alternative to ownership, covering individuals who may not have purchased a vehicle outright but still utilize the vehicle as if it were their own. This definition is critical as it determines the coverage provided under the policy for claims involving these vehicles.

Other options do not accurately reflect the definition of "owned auto" as established in the policy guidelines. For instance, vehicles that are merely driven regularly or rented short-term do not meet the necessary criteria for ownership under the policy’s terms, which is why these definitions do not fit the term "owned auto."