Definition, Meaning & Synonyms
insured
noun
/ɪnˈʃʊrd/
Definition
A person or entity covered by an insurance policy.
Examples
- The insured must notify the insurance company in the event of an accident.
- As an insured, you can claim benefits offered by your policy.
- It is important for the insured to understand what their policy covers.
Meaning
The individual or organization whose risk is covered by an insurance company in exchange for premium payments.
Synonyms
- policyholder
- covered party
- insured individual
