insured

Ordinarily, synonymous with "assured." 29 Am J Rev ed Ins § 239. The person in whose favor a contract of insurance is operative and who is indemnified against, or is to receive a certain sum upon, the happening of a specified contingency or event. 29 Am J Rev ed Ins § 239. Protected by insurance. The person protected by an automobile liability policy, although not the insured named in the policy, by virtue of the standard provision of the policy extending the protection to any person using the vehicle covered by the policy with the permission of the named insured. Libero v Lumbermen's Mut. Casualty Co. 141 Conn 574, 108 A2d 533, 47 ALR2d 550. The circumstance that one who takes out a policy of insurance on his own life may never obtain the benefits of the insurance directly is of no weight against considering him as the "insured," such a contract being his, at least in part. Heffelfinger v Commissioner (CA8) 87 F2d 991, 109 ALR 1045, cert den 302 US 690, 82 L Ed 533, 58 S Ct 10. When used as a noun in fire insurance policies, the word should be construed to include the person whose property is insured and his legal representatives, but, in the absence of clauses protecting other persons, it should not be extended to include any other persons, such as a mortgagee of the property. Collinsvdle Sav. Soc. v Boston Ins. Co. 17 Conn 676, 60 A 647. See loss payable clause; mortgagee clause; standard mortgagee clause.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • insured — in·sured n: a person whose life, physical well being, or property is the subject of insurance Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. insured …   Law dictionary

  • insured — insured; over·insured; un·insured; …   English syllables

  • insured — [in shoord′] n. a person whose life, property, etc. is insured against loss …   English World dictionary

  • insured — The property or persons covered by an insurance policy. Bloomberg Financial Dictionary * * * ▪ I. insured in‧sured 1 [ɪnˈʆʊəd ǁ ˈʆʊrd] noun the insured INSURANCE used in insurance contracts to talk about the person, organization etc that is… …   Financial and business terms

  • insured — in|sured [ınˈʃuəd US ˈʃurd] adj 1.) if someone or something is insured, there is insurance relating to them ▪ Apparently the jewellery wasn t insured. insured to do sth ▪ I m not insured to drive Anne s car. 2.) the insured law the person or… …   Dictionary of contemporary English

  • insured — in|sured [ ın ʃurd ] adjective provided with or protected by insurance: Was your jewelry insured? insured to do something: Is your brother insured to drive your car? insured against: The stamp collection is fully insured against accidental damage …   Usage of the words and phrases in modern English

  • insured — adjective 1 having insurance: Mike s bike was stolen and it wasn t insured. | insured to do sth: You wouldn t be insured to drive Anne s car. (+ against): Is your house insured against fire? 2 the insured law the person or people who are insured …   Longman dictionary of contemporary English

  • insured — UK [ɪnˈʃʊə(r)d] / US [ɪnˈʃʊrd] adjective a) provided with, or protected by, insurance Was your jewellery insured? insured to do something: Is your brother insured to drive your car? insured against: The stamp collection is fully insured against… …   English dictionary

  • Insured — Insure In sure, v. t. [imp. & p. p. {Insured}; p. pr. & vb. n. {Insuring}.] [OE. ensuren, prob. for assuren, by a change of prefix. See 1st {In }, and {Sure}, and cf. {Assure}, {Ensure}.] [Written also {ensure}.] [1913 Webster] 1. To make sure or …   The Collaborative International Dictionary of English

  • insured — [[t]ɪnʃʊ͟ə(r)d[/t]] N COUNT: usu sing, the N (insured is both the singular and the plural form.) The insured is the person who is insured by a particular policy. [LEGAL] Once the insured has sold his policy, he naturally loses all rights to it …   English dictionary

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