insured

adj. protected or covered by insurance; assured, made certain

n. person or group whose property is protected by an insurance policy agains loss or damage; organization whose property is protected by an insurance policy; person whose life is protected by an insurance policy

v. provide a guarantee against possible damage or loss; assure, ensure, make certain

Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium. Insurer, in economics, is the company that sells the insurance. Insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage.  Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
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Noun
1. a person whose interests are protected by an insurance policy; a person who contracts for an insurance policy that indemnifies him against loss of property or life or health etc.
(synonym) insured person
(hypernym) person, individual, someone, somebody, mortal, human, soul
Adjective
1. covered by insurance; "an insured risk"; "all members of the film cast and crew are insured"
(antonym) uninsured
(similar) insurable

Verb
1. be careful or certain to do something; make certain of something; "He verified that the valves were closed"; "See that the curtains are closed"; "control the quality of the product"
(synonym) see, check, see to it, ensure, control, ascertain, assure
(hypernym) verify
(hyponym) proofread, proof
(verb-group) determine, check, find out, see, ascertain, watch, learn
2. make certain of; "This nest egg will ensure a nice retirement for us"; "Preparation will guarantee success!"
(synonym) guarantee, ensure, assure, secure
(hyponym) doom
(verb-group) guarantee, vouch
3. protect by insurance; "The insurance won't cover this"
(synonym) cover, underwrite
(hypernym) guarantee, warrant
(hyponym) reinsure
(verb-group) cover
(derivation) insurance company, insurance firm, insurer, insurance underwriter, underwriter
4. take out insurance for
(hypernym) protect
(hyponym) reinsure
(derivation) indemnity, insurance

(imp. & p. p.)
of Insure
  

The property or persons covered by an insurance policy.