The property or persons covered by an insurance policy. Bloomberg Financial Dictionary
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▪ I. insured in‧sured 1 [ɪnˈʆʊəd ǁ -ˈʆʊrd] noun
the insured INSURANCE used in insurance contracts to talk about the person, organization etc that is insured:
• This section also covers cancellation of a holiday where the insured decides to cancel.
[m0] ▪ II. insured insured 2 adjective
having insurance:
• The Swiss remain the world's most insured people, outspending Japanese and Americans on premiums.
insured to do something
• There were few pilots at that time who were insured to undertake such a flight.
insured against
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insured UK US /ɪnˈʃɔːd/ US /ɪnˈʃʊərd/ adjective
► INSURANCE having insurance: insured to do sth »
While the owner might be insured to drive his car, friends and relatives are not.
insured against sth »You are insured against flood, irrespective of cause.
insured for sth »The painting was insured for $2 million.
Financial and business terms. 2012.