Who is referred to as the Named Insured in an insurance policy?

The Named Insured in an insurance policy refers specifically to the individual or entity that is designated on the policy's declarations page. This designation is crucial because it identifies who is covered under the policy and establishes the rights and responsibilities associated with the insurance contract. The Named Insured has the primary entitlement to the benefits of the policy and is often the person or business whose interests are most at risk and therefore entitled to protection under the terms of the policy.

Understanding this concept is important for adjusters and anyone involved in the claims process, as it clearly outlines who can make claims, receive communications from the insurer, and make decisions regarding the policy, including cancellations or modifications. Recognizing the Named Insured assists professionals in determining coverage applicability, as only the parties designated in this manner typically have the authority to engage in actions that affect the policy.