Meaning & Definition of word "Insured"
to
Insured
/ɪnˈʃʊrd/
noun:
- 1. A person or entity covered by insurance.
- Example: The insured filed a claim after the flood damaged their property.
- 2. A policyholder who has an insurance contract.
- Example: As an insured, you are entitled to certain benefits outlined in your policy.
- 3. Someone who has received insurance coverage against specific risks.
- Example: The insured was relieved to know that their medical expenses would be covered.
adjective:
- 1. Having insurance coverage.
- Example: Only the insured vehicles are allowed to enter the parking lot.
- 2. Protected against loss or damage by an insurance policy.
- Example: 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 of insured
Meaning: Covered
Example Sentence: Don't worry, bro, we're all covered under the policy.
Meaning: On the books
Example Sentence: As long as you're on the books for that insurance, you're good to go.