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A person protected by insurance coverage against loss or damage stipulated by the provisions of a policy purchased from an insurance company or an underwriter.
Assured is synonymous with insured.
n. the person or entity that is insured, often found in insurance contracts. (See: insurance)
ASSURED. A person who has been insured by some insurance company, or underwriter, against losses or perils mentioned in the policy of insurance. Vide Insured.