Quick Answer: What Does Indured Mean?

What is the meaning of insured person?

n a person whose interests are protected by an insurance policy; a person who contracts for an insurance policy that indemnifies him against loss of property or life or health etc.

Synonyms: insured Type of: individual, mortal, person, somebody, someone, soul.

a human being..

What do we mean by insured?

covered lossA person or entity who buys insurance is known as an insured or as a policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer’s promise to compensate the insured in the event of a covered loss.

What is another word for insured?

Some common synonyms of insure are assure, ensure, and secure.

What are the 4 types of insurance?

Most experts agree that life, health, long-term disability, and auto insurance are the four types of insurance you must have.

What does antipathy mean?

1 : a strong feeling of dislike an antipathy to taxes a deep antipathy between the groups. 2 : something disliked : an object of aversion …

What is insurance simple words?

Insurance is a term in law and economics. It is something people buy to protect themselves from losing money. … In exchange for this, if something bad happens to the person or thing that is insured, the company that sold the insurance will pay the money back.

What happens to an insurance policy when the owner dies?

At the death of an owner, the policy passes as a probate estate asset to the next owner either by will or by intestate succession, if no successor owner is named. This could cause ownership of the policy to pass to an unintended owner or to be divided among multiple owners.

Who is the subscriber for insurance?

Subscriber: The individual who signs and is responsible for a contract with a health insurance plan. The subscriber is the person subcribing to the insurance plan for the patient case. The subscriber is different from the enrollee, who is defined as anyone covered under the contract.

Who owns an insurance policy?

The owner is the person who owns and controls the policy. Who Is the Owner? The owner could be the insured, the beneficiary, or some other party. Usually, the owner is the person whose life is insured.

What is a better word for was?

What is another word for was?appearedbecamelookedseemedcame to behad beenhas beenhave beenturned out to bewere2 more rows

What do you mean by insurer and insured?

These are the participants in your insurance contract 1) An insurance policy is a contract between the insurer and the insured. 2) The insured is the person whose life is being covered against the risk under the policy. 3) The insurer is the insurance company that provides the insurance cover.

Is policyholder and insured the same?

Generally there are three parties to a life insurance policy: The policyholder: Person who owns the policy. The insured: Person whose life is insured. The beneficiary: Person who collects the death benefit when the insured person dies.

What does ensued mean?

transitive verb. : to strive to attain : pursue I wander, seeking peace, and ensuing it— Rupert Brooke. intransitive verb. : to take place afterward or as a result.

Who are policyholders?

Policyholder definition Many people ask “what is a policyholder?” A policyholder is the person that purchases the insurance policy and, therefore, owns it. You’re typically covered as the policyholder for whatever the insurance is for.

What does swifter mean?

1. Moving or capable of moving with great speed; fast. See Synonyms at fast1. 2. Coming, occurring, or accomplished quickly: a swift retort.