Legal Definitions - class-one insured

A class-one insured refers to the primary individual or entity explicitly named on an insurance policy as the policyholder. This person or organization typically has the broadest coverage and the most direct rights and responsibilities under the insurance contract. They are the main party for whom the insurance protection is purchased.

Here are some examples illustrating the concept of a class-one insured:

• Example 1: Individual Auto Insurance

  When David purchases an auto insurance policy for his new car, his name is listed directly on the policy documents as the primary policyholder. David is the class-one insured because he is the one who pays the premiums and has the full range of rights, such as filing claims, making changes to the policy, or canceling it. The policy is primarily designed to protect him and his vehicle.

• Example 2: Homeowner's Insurance for a Couple

  Sarah and Michael jointly own a house and buy a homeowner's insurance policy to protect their property from damage and liability. Both Sarah and Michael are listed by name on the policy as the primary individuals covered. They are the class-one insureds, meaning they both have full access to the policy's benefits, such as receiving payouts for covered damages to their home or defending against liability claims that might arise on their property.

• Example 3: Business General Liability Insurance

  A small software development company, "InnovateTech Solutions LLC," purchases a general liability insurance policy to protect itself from potential lawsuits related to its business operations. "InnovateTech Solutions LLC" is explicitly named on the policy as the primary entity receiving coverage. Therefore, the company is the class-one insured, and the policy's purpose is to protect the company itself from financial losses due to covered claims, such as a client suing for a service error or a visitor getting injured at their office.