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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.


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 ?
Additional Insured status is a common, though often elusive, concept in many real estate contracts.
Some jurisdictions have limited the process-of-nature rule to policies that contain ambiguous provisions such as requiring the insured to be "immediately" disabled, and decline to apply the rule to policies that require the insured to be totally disabled within a specified period of time.
When was the last time you checked your insurance policies to make certain all of the individuals and other legal entities that should be shown as Named Insureds are correctly listed?
However, if the insured transfers the policy to an irrevocable trust or such a trust initially becomes the "subowner" of the policy, a gift occurs.
Additional insureds as well as policyholders must be aware when aggregate limits must be shared by all insured parties.
Insureds Should Compare Terrorism Coverage to other Coverages.
101 (g) (1) provides that any amount received under a life insurance contract on the life of an insured who is terminally ill or chronically ill is treated as an amount paid by reason of the insured's death and excludible under Sec.
Review the list of additional insureds on your policy annually.
AIG netAdvantage Pro provides coverage for companies engaged in e-commerce, where the insured provides traditional products and services via the Internet, or services an e-client.
Whether an insured and its insurer share a "community of interest" such that privileged communications shared with the insurer will retain their privileged status is not easily resolved in all cases.
The court found that an insured with fibromyalgia--a type of soft-tissue rheumatism that affects the muscles and is commonly accompanied by fatigue, sleep disturbances, lack of concentration, changes in mood, anxiety and depression--was not subject to the mental illness limitation, even though the insured's initial treating physician was a psychiatrist who diagnosed her with "depressive neurosis.