What does insured mean?

Definitions for insured
ɪnˈʃʊərd, -ˈʃɜrdin·sured

This dictionary definitions page includes all the possible meanings, example usage and translations of the word insured.

Princeton's WordNet

  1. insured, insured personadjective

    a person whose interests are protected by an insurance policy; a person who contracts for an insurance policy that indemnifies him against loss of property or life or health etc.

  2. insuredadjective

    covered by insurance

    "an insured risk"; "all members of the film cast and crew are insured"

Wiktionary

  1. insurednoun

    A person covered by an insurance policy.

  2. insuredadjective

    Covered by an insurance policy.

Wikipedia

  1. insured

    Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured, or their designated beneficiary or assignee. The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster. A mandatory out-of-pocket expense required by an insurance policy before an insurer will pay a claim is called a deductible (or if required by a health insurance policy, a copayment). The insurer may hedge its own risk by taking out reinsurance, whereby another insurance company agrees to carry some of the risks, especially if the primary insurer deems the risk too large for it to carry.

ChatGPT

  1. insured

    An insured is a person, company, or organization covered by an insurance policy from potential financial damages/losses. This entity receives protection from the policy and in return, pays regular premiums to the insurance provider. Coverage can include losses from events such as death, illness, accident, theft or damage to property.

Webster Dictionary

  1. Insured

    of Insure

Dictionary of Nautical Terms

  1. insured

    The party who obtains the policy and pays the premium.

How to pronounce insured?

How to say insured in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of insured in Chaldean Numerology is: 8

  2. Pythagorean Numerology

    The numerical value of insured in Pythagorean Numerology is: 9

Examples of insured in a Sentence

  1. Mollie Hemingway:

    Think back to 2010 when they said that under Obamacare you would have 23 million Americans insured. It is actually 12 million this year, they also made a forecasting error so they dramatically underestimated the cost of Medicaid. So we need to keep these things in mind as we are talking about this scoring as well.

  2. Janet Bodnar:

    Set up a savings account earmarked for your vacation and make regular, automatic contributions, you want to make sure funds are held in an FDIC-insured institution, and compare interest rates to what you’d get at a bank — though interest rates at banks are so low right now it’s almost shameful.

  3. Charles Casillo:

    His career suffered, his drug and alcohol levels took off. He became harder and harder to cast. His physical condition deteriorated to the point that no insurance company wanted to get involved. And no director wanted to hire him because he couldn’t get insured. But Elizabeth fought for him. She put her career on the line to make sure that he always got his chance to work. She became the most powerful person in Hollywood and she used her influence to make sure that Monty could still work.

  4. Scott Hadland:

    It's in these areas where many hospitals and doctors are located, and in some cases, where many patients are insured, it makes sense that opioid marketing would be concentrated in areas where doctors can prescribe and where people have insurance to help them purchase medications.

  5. Sir William Schwenck Gilbert:

    Down went the owners -- greedy men whom hope of gain allured: oh, dry the starting tear, for they were heavily insured.

Popularity rank by frequency of use

insured#1#8141#10000

Translations for insured

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"insured." Definitions.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.definitions.net/definition/insured>.

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