Definition of "Insured"

Roxana Colchado real estate agent
Roxana Colchado, Real Estate Agent Limitless Living Real Estate

Party covered by an insurance policy. In life insurance policies there is one designated insured, the person so named; or a policy can be issued to numerous insureds on a group basis. The insured persons in property and casualty policies may also include residents of the insured's household, such as a spouse, relatives of either, and other individuals under their care, custody, and control if under age 21.

 

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