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- Insured - meaning & definition
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/ɪnˈʃʊrd/
Meaning & Definition
noun
A policyholder who has an insurance contract.
As an insured, you are entitled to certain benefits outlined in your policy.
Someone who has received insurance coverage against specific risks.
The insured was relieved to know that their medical expenses would be covered.
A person or entity covered by insurance.
The insured filed a claim after the flood damaged their property.
adjective
Having insurance coverage.
Only the insured vehicles are allowed to enter the parking lot.
Protected against loss or damage by an insurance policy.
The insured property can be repaired or replaced in case of fire.
Etymology
From the word 'insure', meaning to secure against risk, combined with the suffix '-ed'.
Common Phrases and Expressions
insured value
The amount for which an insured property is covered under an insurance policy.
the insured party
The person or entity that has insurance coverage.
insured under the policy
Refers to protection provided to an individual or entity as outlined in an insurance contract.
Related Words
insurance
A contract providing financial protection against potential future losses.
insurer
A company or entity that provides insurance coverage.
coverage
The amount of protection provided under an insurance policy.
Slang Meanings
Covered
Don't worry, bro, we're all covered under the policy.
On the books
As long as you're on the books for that insurance, you're good to go.