Owned car definition
Owned car means a car YOU purchase or lease from a licensed car leasing company covering a continuous period of six months or more. A car leased from a private party or a car rented from a car rental agency is not an owned car.
Owned car means a car YOU have property in, title to, or lease from a licensed car leasing company on a written agreement covering a continuous period of six months or more. WE do not consider a car leased from an individual or a car rented from a car rental agency as an owned car. “Replacement car” means a car which YOU purchase, or lease from a licensed car leasing company on a written agreement covering a continuous period of six months or more, replacing a car shown on the Declarations page, provided YOU notify US within 14 days of its’ acquisition. WE do not consider a car leased from a private party, or a car rented from a car rental agency as a replacement car.