Named Insured


Also found in: Acronyms.

Named Insured

The person or company covered by an insurance policy. The named insured may or may not be the policyholder, or may include the policyholder along with other named insured. For example, one may buy a health insurance policy in which the named insured are the policyholder and his/her spouse.
References in periodicals archive ?
Rather, it is the requirement that the rejection be 'in writing' that ostensibly regulates the contractual relationship between the insurer and the named insured and, derivatively, an additional insured.
The extension, which applies to newly acquired buildings, cannot be applied where the subsidiary is not a named insured, and where the subsidiary, not the insured, owns the building.
The policy defined "you" as "the named insured shown in the declarations or "his or her spouse" if a resident of the same household.
If the trust or LLC is the named insured, the advantage is that there is more complete separation between the trust or LLC and the beneficial owners.
This is especially true when design prof essionals become part of the primary named insured, and/or when design prof essionals are partnered in joint ventures to pursue work.
Each general liability insurance policy Declarations Page has a space designated for the Named Insured. The Named Insured is a person or legal entity such as a corporation or limited liability company who enters into the insurance contract with the insurance company.
Chu, the California Court of Appeal held that excluding coverage for bodily injury to anyone inhabiting the same dwelling as the named insured was an overly broad expansion of the statutorily permitted exclusion and contrary to public policy.
In addition to the named insured, a policy can cover other parties listed by endorsement as the "additional insureds," who typically enjoy the same scope of coverage as the named insured (though they may lack some ancillary rights such as notice of cancellation of the policy, etc.).
Your home, my home, our home--Whether moving in together for the first time or moving to a new place, newlyweds should purchase a new insurance policy that has both partners' names on it or make amendments to the existing policy that includes a spouse added as an "additional named insured" while accounting for all your combined stuff.
The additional insured is a Named Insured under such other insurance; and
Other recommendations include a request for NCD to apply only to the basic premium, freedom for insurance companies to change the basic premium rates each year at renewal of policy, NCD on each policy should only apply to the 'named insured' and no other person should be entitled to receive an NCD certificate, NCD should not be transferable to any other person than the 'named insured' without the prior agreement of the insurer.
Currently available in Arkansas, Colorado, Kansas, Oklahoma and Texas, the option permits the waiver of the named insured's applicable wind and hail property deductible when the named insured and the company mutually agree to choose elastomeric roof coating in place of roof replacement to repair cosmetic damage to roof coverings caused by wind or hail.