The person or entity specifically listed on an insurance policy as the primary covered party. The named insured has certain rights and responsibilities, including the authority to modify the policy, file claims, and receive notices from the insurer.
Related Terms
Declarations Page
The section of an insurance policy that summarizes key information including the policyholder name, covered property, coverage amounts, deductibles, premium, and policy period. Often called the "dec page," it is the first page of your policy and serves as a quick reference.
Certificate of Insurance
A document issued by an insurer or broker that verifies a policy exists and summarizes its key coverages, limits, and effective dates. Certificates are commonly required by landlords, lenders, and business partners as proof of coverage.
Insurable Interest
A legal and financial stake in the continued existence or well-being of the person or property being insured. You must have insurable interest to purchase insurance — for example, you have insurable interest in your own home, car, or your own life and the lives of close family members.