Nettetinsured; insuring 1 : to give or get insurance on or for 2 : to make certain : ensure insurer in-ˈshu̇r-ər noun Legal Definition insure verb in· sure in-ˈshu̇r insured; insuring …

Difference Between a Named Insured, Insured, and Additional …

NettetAn insured is simply a person, business, or other entity that an insurance policy covers. A named insured, however, is unique in that they are specifically mentioned in the policy. Usually, the named insured is the only person or entity covered by … NettetSimply put, it is a provision that requires the insured party to carry coverage that meets a certain percentage of the total value of the property or assets being insured. This means that if your property has a value of $100,000 and your policy’s co-insurance requirement is 80%, then you must maintain coverage for at least $80,000. tringler scrabble

What Is Self-Insured Health Insurance and How Is It Regulated?

Nettetinsured ( ɪnˈʃʊəd; -ˈʃɔːd) adj (Insurance) covered by insurance: an insured risk. n (Insurance) the person, persons, or organization covered by an insurance policy Collins … NettetAn insured is simply a person, business, or other entity that an insurance policy covers. A named insured, however, is unique in that they are specifically mentioned in the policy. … Nettet7. des. 2024 · An Insured Name is an individual or entity named on an insurance policy as the insured. The term can also refer to the Named Insured on a policy, which is the person or organization identified by name as the party insured under the terms of the policy. How is an Insured Name used? tringles sotexpro