Who qualifies as a lessee of a vehicle under common exclusions?

The correct choice pertains to the definition of a lessee in the context of vehicle rentals and insurance. A lessee is an individual or entity that leases or rents a vehicle, which typically involves a binding agreement to pay for its use over a specified period. This aligns with the role of a borrower of a new or used vehicle, as they are often responsible for the contractual terms associated with leasing, including payments and upkeep during the lease term.

Understanding who qualifies as a lessee is essential since insurance coverage may vary based on occupancy or ownership status. Unlike the vehicle owner, who holds title to the vehicle, a lessee specifically has the rights granted under a lease agreement, placing them in a distinct category that necessitates consideration of their obligations and liabilities in relation to insurance coverage.

The other choices represent individuals or entities that are not classified as lessees. Vehicle owners hold ownership titles, while insurance sellers and loan officers do not engage in leasing arrangements, thus falling outside the typical definition of a lessee in insurance terms.