insured - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “insured”

insured

adjective
 
 
/ɪnˈʃɔːd/ US   /ɪnˈʃʊərd/
INSURANCE having insurance: insured to do sth While the owner might be insured to drive his car, friends and relatives are not.insured against sth You are insured against flood, irrespective of cause.insured for sth The painting was insured for $2 million.
→  See also sum insured
(Definition of insured from the Cambridge Business English Dictionary © Cambridge University Press)
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