What is insured meaning

adjective covered by insurance."the insured car"
noun a person or organization covered by insurance."compensation for the death of the insured"

What is the meaning of being insured?

Being insured means that you have purchased insurance, and you are covered if you need to file a claim against that insurance. Being bonded means that someone else is covered if you need to make a claim against the bond.

What is insured and example?

In insurance, the insured is the person or business that is covered by an insurance policy. One policy can (and usually does) cover multiple insureds. Stanley is a homeowner who lives with his two kids, his wife, and her father.

What is the meaning of insured and insured?

Insured is the person who is covered against risk. On the other hand, the insurer is the company that is providing coverage. It is a service that an insurer provides under a particular insurance policy against a premium paid by the policyholder.

What is another word for insured?

Some common synonyms of insure are assure, ensure, and secure.