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LSDefine

Simple English definitions for legal terms

assured

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A quick definition of assured:

Assured: A person who has insurance coverage to protect them from any loss or damage mentioned in the insurance policy. This means that if something bad happens, the insurance company will pay for it. Sometimes, the terms "insured" and "assured" are used interchangeably, but usually, the person who the policy is written for and who will receive the payment is the same person who owns the thing being insured. For example, if you have car insurance, you are the assured and the insured because you own the car and the policy is written for your benefit. However, sometimes someone else might buy insurance for you, like a wife buying life insurance for her husband. In that case, the wife is the assured and the husband is the insured.

A more thorough explanation:

Definition: Assured refers to a person who is protected by an insurance policy against any loss or damage mentioned in the policy. The terms "insured" and "assured" are often used interchangeably in the context of insurance.

  • John purchased a car insurance policy from XYZ Insurance Company. He is the assured in this case, as he is protected against any loss or damage to his car mentioned in the policy.
  • When Sarah bought a life insurance policy for her husband's life, she became the assured, and her husband became the insured. This is because Sarah is the person for whose benefit the policy is written and to whom the loss will be payable.

These examples illustrate how the term "assured" is used in the context of insurance. In both cases, the person who purchased the insurance policy is protected against any loss or damage mentioned in the policy, and is therefore referred to as the "assured".

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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