Who / What is an insured?

• a name or policyholder
• can be one person (private individuals) or organisation (partnership or companies etc.)
• take up the Insurance Coverage for himself or property.
• pay a premium for the insurance (Risk) protection.
• Insurable interest to the items to be insured or cover against loss.
• Will suffer loss (monetary, physically, liability) when an accident or as a result of disaster.

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