Insured


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Related to Insured: Named Insured, self insured

Insured

The property or persons covered by an insurance policy.

Insured

Describing a person or organization with an insurance policy of any kind.
References in periodicals archive ?
A distinct minority of jurisdictions have adopted the view that where the insured has a financial stake in the settlement, including a significant deductible, the law requires the insurer to obtain the insured's consent before settling a claim regardless of the terms of the insurance contract.
The top 10 events of the year accounted for more than 61 percent, or $22 billion, of the total insured losses.
For more information on the launch of the new website for Get Insured CT, contact Bill Sweet, Jr.
An organization other than a partnership, joint venture or limited liability company, you are an insured. Your "executive officers" and directors are insureds, but only with respect to their duties as your officers or directors, Your stockholders are also insureds, but only with respect to their liability as stockholders.
This is the primary insurance policy for protecting commercial enterprises against exposures arising from the use of autos or trucks in the insured's business.
In the first part, the insurer promises to pay those sums that the insured becomes legally obligated to pay as damages, because of bodily injury or property damage.
The rating assigned to the insured notes is commensurate with the Insurer Financial Strength of the insurance provider.
But any Replacement/Re-Instatement of the Machinery/Property must be of the same Description, Specifications and Capacity as the Insured-ones when a new but must NOT be of the Superior Quality or more Extensive Capacity than the Insured Machinery/Property.
coverage does not apply to any person "regularly residing on any part of the 'insured location.'" So there is no coverage under medical payments.
This assumed asymmetrical information could explain the lower insured value of some sports cars.
Coverage will not apply if the police trace the gun to the insured only to have the insured say he noticed the gun missing two weeks ago but hadn't gotten around to calling it in.
Examples of camp business relationships that may generate a request for additional insured status from a third party include: