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LSDefine

Simple English definitions for legal terms

assured

Read a random definition: governmental function

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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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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