Who is an insured under the policy?

An insured under an insurance policy is that person or those people who actually have coverage under the policy. The term insured is a defined term in most insurance policies, so it’s important in some cases where that may come into question, to go to the definitions provided in the policy and really understand that. Typically, it’s the owner of the property, along with his or her family and other people under the age of 21 who may live there. Also, you should keep in mind that if you have a mortgage on your property, the mortgage company may not technically be an insured, but they may be entitled to benefits as being an additional payee, or a loss payee, or a mortgagee under the policy. So that would be something we would want to look at and understand as well.