Insured

The person who obtains or is otherwise covered by insurance on his or her health, life, or property. The insured in a policy is not limited to the insured named in the policy but applies to anyone who is insured under the policy.

insured

n. 1) the person or entity who will be compensated for loss by an insurer under the terms of a contract called an insurance policy. 2) the person whose life is insured by life insurance, after whose death the benefits go to others. (See: insurance)

INSURED, contracts. The person who procures an insurance on his property.
2. It is the duty of the insured to pay the premium, and to represent fully and fairly all the circumstances relating to the subject-matter of the insurance, which may influence the determination of the underwriters in undertaking the risk, or estimating the premium. A concealment of such facts amounts to a fraud, which avoids the contract. 1 Marsh. Ins. 464; Park, Ins. h. t.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.

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References in periodicals archive

In Roehl Transport, the insured brought a bad faith action against its liability insurer, alleging that the insurer mishandled the claim and failed to settle the claim for substantially less than the amount awarded at trial despite the opportunity to do so.

SIRs and deductibles - evolving policies and their impact on carrier duties

For more information on virtually any type of insurance need, visit Get Insured CT at www.GetInsuredCT.com.

Connecticut Insurance Agency Launches New Website

Conversely, if the Replacement/Re-Instatement is not completed within 12-months of the destruction/damaging of the Insured Machinery/Property, the Insureds' Claim would be considered for Assessment/Adjustment of the Loss under the terms and conditions of Normal Fire Insurance Policy and the Costs, inclusive of the afore-mentioned Levies/Expenses applicable through the Replacement/Re-Instatement of the Destroyed/Damaged Machinery/Property would not be taken into account.

Fire Insurance Policy Clauses (Part-11)

Indeed, the discrepancy between average insured value and average cost at UAE dealerships is nowhere near as stark when it comes to common SUVs and saloons - generally considered to be lower-risk vehicles.

Sports car drivers in UAE e[ETH]could be under-insuredeE

If your camp is a tenant, your lease with the owner/landlord most likely requires additional insured status for the landlord.

Risk transfer: managing additional insured relationships

The court reasoned that the insured-vs.-insured exclusion may not apply to such claims because they are based on the rights of those not insured under the D&O policy.

D&O disarray: a decision requiring defense of 'dueling' FDIC claims adds to a mix of court opinions about coverage