What is difference between assured and insured?
The term "insurance" refers to the process of compensating for a loss, for instance, losses sustained due to an accident, fire, theft, flood, and so on. Providing monetary support for a particular scenario is referred to as assurance. A severe disease, death, or disability, for example.
Does assured mean guaranteed?
Definition of assured\n\n guaranteed; sure; certain; secure: an assured income.
What is difference between assurance and insurance?
Assured Person means any principal, partner, director, officer or Employee of Yours or any member of their family. Assured Person means an eligible and enrolled person under contract with the Master Policyholder or under contract to or employed by a person who is under contract with the Master Policyholder.
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