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What do you mean by insured and insurance?

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in Insurance by (82.5k points)
What do you mean by insured and insurance?

Query is from Insurance subject matter

This question was posed to me during an internship interview.

Other related questions to my question are:

What do you mean by insured and insurance?

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1 Answer

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by (393k points)
Correct answer is: An insurance policy is a legal contract between the insurance company (the insurer) and the person(s), business, or entity being insured (the insured). Reading your policy helps you verify that the policy meets your needs and that you understand your and the insurance company's responsibilities if a loss occurs.

The title of my answer can be Understanding Your Insurance Policy

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