Named Insured

Any person, firm or corporation designated in the policy by name as the insured, as opposed to someone who may be covered by the policy but is not specifically named. For example, the registered owner of a house would be the named insured on a home insurance policy. Members of the family while living under the same roof may also be covered under certain circumstances. The named insured is shown on the policy declaration page. However, in some cases such as large commercial insurance account, there may be many named insureds and are listed by way of endorsement.