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Definitions from WordNet

Noun insured has 1 sense

insured, insured person - 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.
--₁ is a kind of person, individual, someone, somebody, mortal, human, soul

Definitions from the Web

Insured

Definition: A person or entity that has purchased an insurance policy from an insurance company.

Examples:

Noun:

She is an insured who holds a comprehensive health insurance policy.
The insured must provide proof of ownership for a successful claim.

Adjective:

The insured property was damaged in the storm.
Make sure to read all the terms and conditions of your insured policy.

Verb (past tense):

He insured his car against theft last year.
They insured their house before the hurricane hit.

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