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.

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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. Munich Re:

    The proportion of insured losses for catastrophes in developing and emerging countries remains very low, the insurance industry is exploring new avenues to close this gap in cover and thus to help people better cope with material losses after a catastrophe.

  2. Elizabeth Dodson:

    The first tip to decluttering your home starts with taking a home inventory which includes itemizing and taking photos of your personal property, this means going into each room in the house one by one and documenting all the items which include furniture, electronics, decorative items, houseware, clothing, tools and any collections like wine, jewelry, coins, art, antiques, sports memorabilia, etc. The first value of doing this is ending up with a home inventory for insurance purposes to make sure you are not under-insured, and you are prepared to make a claim if a disaster strikes such as a tornado, wildfire, hurricane, flood, etc. damages your home.

  3. Marc Ganis:

    The connection between playing football and brain issues has been something that has been discussed for years and the NFL has been taking action to reduce the severity and provide funding to those who have been injured, the clearest example is the class action suit. ... Whenever you agree to pay out billions of dollars and you don't have an insurance company that has insured you the money, that's a statement to seriousness about the issue.

  4. Bernie Sanders:

    Security at our nations airports could be threatened if TSA employees and air traffic controllers are not getting paid, you want a national emergency? 30 million Americans have no health insurance and many more are under-insured.

  5. 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.

Popularity rank by frequency of use

insured#1#8141#10000

Translations for insured

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"insured." Definitions.net. STANDS4 LLC, 2025. Web. 13 Jan. 2025. <https://www.definitions.net/definition/insured>.

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