Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

assured

Read a random definition: non memini

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".

assumption of risk | asylum

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
LSD+ is ad-free, with DMs, discounts, case briefs & more.