insured
adj. · n. US //ˌɪnˈʃʊɹd// UK //ɪnʃˈɔːd// in·sured
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1 protected by insurance (adj.) B2 Upper Intermediate Lawcovered by an insurance policy so that money is paid if something goes wrong.
covered by an insurance policy; protected against financial loss or damage by a contract.
ExampleThe insured vehicle was repaired quickly after the accident.
ExampleThe company refused to pay for the repairs because the driver was not an insured person under the specific terms of the policy.
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2 the policyholder (n.) C1 Advanced Formal Technical Lawthe person or company that is protected by an insurance policy.
the party whose interests are protected by an insurance contract; the policyholder.
ExampleThe insured must notify the company immediately if a theft occurs.
ExampleUnder the terms of the agreement, the insured is required to take all reasonable precautions to prevent further damage to the property.
- policyholder
- beneficiary