What does the term "newly acquired auto" refer to in the context of "Your Covered Auto"?

The term "newly acquired auto" refers to a vehicle that is added to an existing insurance policy after the initial purchase. This definition is important as it emphasizes that these vehicles are generally covered under the same policy without requiring the insured to go through a lengthy application or underwriting process for separate coverage.

When a policyholder acquires a new vehicle, there is typically a provision in the policy that automatically extends coverage to this newly acquired vehicle. This coverage often lasts for a limited time (usually 14 to 30 days), allowing the policyholder to ensure that their new vehicle is protected while they complete any necessary paperwork.

The other options describe scenarios that do not align with the typical definition of "newly acquired auto." For instance, a vehicle purchased from a private seller exclusively, or a vehicle registered temporarily, are not the standard context for newly acquired vehicles in personal auto policies. Furthermore, a vehicle used for both business and personal purposes doesn't specifically address the idea of a new addition to an insurance policy, making it less relevant. The clear focus on the addition of a vehicle to an existing policy is what confirms the answer is correct.