What does an insured refer to in the context of insurance policies?

In the context of insurance policies, the term "insured" specifically refers to the person or entity that is covered under the insurance contract. This designation means that the insured has protection and benefits under the policy in the event of a covered loss or claim. For example, if an individual has a health insurance policy, that individual is considered the insured, and they are entitled to the benefits provided by the policy for eligible health-related expenses.

The insured may be the policyholder or another individual specifically named in the policy, depending on the terms of the contract. This distinction is crucial because it determines who is eligible to receive benefits and make claims under the insurance policy. Understanding the role of the insured helps clarify responsibilities and rights within the context of the insurance agreement, ensuring that those covered are aware of the protections available to them.