INSURED Meaning and
Definition
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Insured is an adjective used to describe an individual, organization, or property that is provided financial protection or coverage against potential risks, damages, or losses through an insurance policy. It refers to a person or entity who has contracted with an insurance company or underwriter to receive compensation or reimbursement in the event of specified circumstances occurring.
An insured party can be an individual, such as a person who purchases health insurance to ensure medical costs are covered in case of illness; or it can be an organization, such as a business that obtains liability insurance to protect itself from potential lawsuits. Moreover, it can also refer to property, such as a homeowner who secures homeowners insurance to protect their house and belongings from damages.
Being insured typically involves paying regular premiums or fees to the insurance provider, in exchange for the guarantee of financial support or compensation when certain situations arise. These situations could be accidents, thefts, natural disasters, or other events covered within the terms of the insurance policy.
Being insured provides peace of mind and a level of financial security, as individuals or entities know they will have some level of protection against unexpected or costly events. Insurance policies outline the specific terms, conditions, and limitations of the coverage, ensuring that both the insured and insurer understand their respective responsibilities and entitlements.
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Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for INSURED *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for INSURED
Etymology of INSURED
The word "insured" is derived from the verb "insure", which originated from the Latin word "securus", meaning "safe" or "secure". In Latin, "securus" was further derived from the combination of "se-" (meaning "without") and "cura" (meaning "care"). The term entered Middle English in the 15th century as "ensure" or "inseure", referring to providing protection or assurance. Over time, it evolved into "insure" and eventually gave rise to the noun form "insured" to denote a person or entity who is covered by an insurance policy.
Similar spelling words for INSURED
- incur,
- ingres,
- in series,
- unsure,
- incredibly,
- in service,
- inquiry,
- inspired,
- inger,
- increment,
- ensure,
- inquirer,
- ingredient,
- inquire,
- increased,
- ensured,
- incredible,
- insurer,
- insure,
- ingress,
- incurring,
- Insurable,
- incurved,
- inquiring,
- injured,
- insures,
- Insurgence,
- increase,
- inshore,
- insurgent,
- injure,
- insurance,
- incurrence.
Conjugate verb Insured
CONDITIONAL
I
would insure
we
would insure
you
would insure
he/she/it
would insure
they
would insure
FUTURE
I
will insure
we
will insure
you
will insure
he/she/it
will insure
they
will insure
FUTURE PERFECT
I
will have insured
we
will have insured
you
will have insured
he/she/it
will have insured
they
will have insured
PAST
I
insured
we
insured
you
insured
he/she/it
insured
they
insured
PAST PERFECT
I
had insured
we
had insured
you
had insured
he/she/it
had insured
they
had insured
PRESENT
I
insure
we
insure
you
insure
he/she/it
insures
they
insure
PRESENT PERFECT
I
have insured
we
have insured
you
have insured
he/she/it
has insured
they
have insured
I
am insuring
we
are insuring
you
are insuring
he/she/it
is insuring
they
are insuring
I
was insuring
we
were insuring
you
were insuring
he/she/it
was insuring
they
were insuring
I
will be insuring
we
will be insuring
you
will be insuring
he/she/it
will be insuring
they
will be insuring
I
have been insuring
we
have been insuring
you
have been insuring
he/she/it
has been insuring
they
have been insuring
I
had been insuring
we
had been insuring
you
had been insuring
he/she/it
had been insuring
they
had been insuring
I
will have been insuring
we
will have been insuring
you
will have been insuring
he/she/it
will have been insuring
they
will have been insuring
I
would have insured
we
would have insured
you
would have insured
he/she/it
would have insured
they
would have insured
I
would be insuring
we
would be insuring
you
would be insuring
he/she/it
would be insuring
they
would be insuring
I
would have been insuring
we
would have been insuring
you
would have been insuring
he/she/it
would have been insuring
they
would have been insuring
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