Insured refers to the individual, group, or entity that is covered under an insurance policy and is protected against specific risks or losses as outlined in the policy terms. In essence, the insured is the party that stands to receive benefits or compensation from the insurance company in the event of a covered incident or claim.
"Insured" refers to the individual, group, or entity that is covered under an insurance policy and is protected against specific risks or losses as outlined in the policy terms. In essence, the insured is the party that stands to receive benefits or compensation from the insurance company in the event of a covered incident or claim.
The insurance policy acts as a contract between the insurer (the insurance company) and the insured, detailing the conditions under which the insured will be compensated.
For individuals and businesses, being the insured means having a safety net in place against unforeseen events or damages. For instance, in a health insurance policy, the insured individual would be the person receiving medical coverage.
Insured refers to the individual, group, or entity that is covered under an insurance policy and is protected against specific risks or losses as outlined in the policy terms. In essence, the insured is the party that stands to receive benefits or compensation from the insurance company in the event of a covered incident or claim.
Capital For Life ©2024 All Rights Reserved.
