Question

What do you mean by insured in insurance?

My enquiry is from Insurance subject

I have been asked this question in a mock interview.

Other related questions to my question are:-

What does insured mean on a form?

Who is called as insured?

How is insured?

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Answer 1

Correct answer is: Insured is a generic term that refers to any person or entity legally entitled to receive the benefits of an insurance policy, typically claim payments. Insurers make payments to insureds after they experience a covered loss, damage, or an injury that qualifies for payment under the policy's terms.

The title of my answer can be What Is an Insured in Business Insurance? | Insureon