Insured


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Related to Insured: Named Insured, self insured

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)

See: agreed, definite, fully secured, official, safe, secure

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.

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.
For more information on virtually any type of insurance need, visit Get Insured CT at www.GetInsuredCT.com.
The 2010 edition introduces a trust as a category of insured status.
The president of the company favors a comprehensive approach and thinks any auto that the company owns, hires, borrows, or uses in its business should be insured. The company treasurer notes that the company acquires new autos occasionally, but he does not always have the time to report these new cars to the insurer.
In the liability arena, policies are pay-on-behalf-of, as is evident from the CGL Coverage A insuring agreement's pledge to "pay those sums the insured becomes liable for."
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.
Question:The insured's father cosigned the mortgage and was placed on the policy as an additional insured per form HO 04 41.
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.
"Accidental discharge" is defined as the firing of a firearm, air gun, or bow and arrow when the insured did not intend to fire.
If your camp is a tenant, your lease with the owner/landlord most likely requires additional insured status for the landlord.
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.
Barbadian singer Rihanna insured her legs for $1 million after being presented in 2007 with the Venus Breeze ''Celebrity Legs of a Goddess'' award by Gilette."We work on the arms.