Insured

Protected or covered by an insurance policy that provides financial reimbursement or support in the event of loss, damage, or liability. In the context of health, property, or life insurance, being insured means that the individual or entity has a contractual agreement with an insurance provider to secure compensation for specified risks or unforeseen events.

Insured meaning with examples

• After the devastating storm, many homeowners were grateful to be insured, as their insurance policies covered the extensive repairs needed to restore their property. The process of filing claims with the insurance company was straightforward, providing them with some peace of mind during a challenging time. Insurance can be a lifesaver in such scenarios.
• As a newly engaged couple, Sam and Laura decided to purchase life insurance to ensure their future family’s financial security. They wanted to be insured against the uncertainties of life, which would provide protection in case anything unfortunate happened to either of them. It was a responsible choice for their future.
• Students are often encouraged to remain insured while attending school, especially if they live away from home. Having health insurance can cover medical emergencies, ensuring that they receive necessary care without incurring overwhelming debt. Knowing they were insured provided them with the confidence to focus on their studies.
• Businesses, particularly those in high-risk industries, must be adequately insured to protect their assets and employees. Being insured not only mitigates financial losses due to unforeseen accidents but also builds trust with clients and partners. In the world of commerce, having insurance can be a distinct advantage.