Who is referred to as the person who is insured in a claim?

The individual referred to as the person who is insured in a claim is the insured. This term specifically denotes the individual or entity that holds an insurance policy and is therefore covered by that policy for certain risks or incidents. When a claim is filed, it is typically initiated by the insured or on behalf of the insured to receive benefits under the terms of their insurance coverage.

The insured is central to the claims process, as they are the ones seeking compensation or assistance and whose interests must be represented throughout the claim management. This distinction is crucial when differentiating roles within the insurance process, as it defines who has the rights to claim coverage based on the policy they purchased.

In contrast, a claimant generally refers to an individual who makes a claim or seeks benefits, which could sometimes include parties other than the insured, such as third parties. An adjuster is the professional who evaluates claims to determine the extent of the insurance company's liability based on the insured’s policy. A vendor typically refers to a third-party supplier or service provider involved in fulfilling services related to the claim, but they do not hold the insurance policy and therefore are not considered the insured.