Who Is An Insured?

An insured is a person or entity that is covered by insurance policy. He/she is the one who is entitled to receive benefits from an insurer after experiencing a loss or damage of his or her properties. In life insurance, beneficiaries receive death benefits once a policyholders die.

Definitions of insured:

• An person who is entitled to receive benefits of an insurance policy.
• An client of an insurance.
• A person or an entity that reimbursed by the insurer once experience financial loss.
• A beneficiary of an insurance policy.

An insured can be a policyholder or additional insured. 

A policyholder (sometimes named insured or contract holder) is a person whose insurance policy is registered by his or her name. He or she is the owner of a policy and can make some changes in a policy or terminate it. 

An additional insured is any person or entity that is covered by insurance other than a policyholder.

Insured vs. insurer

An insured is a person or entity that is covered by insurance and receives benefits or sum assured from an insurer when experience financial loss. While an insurer is a company that promises to compensate insured's financial loss.