👉 In insurance, an insured is a person or entity who has agreed to be covered by a policy. The purpose of an insurance policy is to provide financial protection for the insured, either through a claim against loss or damage, or through a payment from the insurer itself in case of non-payment. Insureds are typically individuals, families, or businesses that have purchased policies from their insurers to cover various risks such as property damage, liability, accidents, and unforeseen events like medical emergencies.
