Who is referred to as the named insured in an insurance policy?

The named insured in an insurance policy is the individual or entity explicitly identified in the policy declarations, which is the section outlining the key details of the insurance agreement. This identification is crucial because it indicates who is covered under the policy's terms and conditions, defining the parties that have rights and obligations as part of the insurance contract.

The named insured typically has the authority to make changes to the policy, file claims, and receive benefits under the policy. By clearly listing the named insured in the declarations, the insurance company can easily identify those entitled to protection and whom they are directly insuring.

Understanding this definition helps clarify the importance of precise identification within policy documents. It is also essential for policyholders to be aware of who is named, as this can affect coverage, liability, and the ability to make claims.