insured

Ordinarily, synonymous with "assured." 29 Am J Rev ed Ins § 239. The person in whose favor a contract of insurance is operative and who is indemnified against, or is to receive a certain sum upon, the happening of a specified contingency or event. 29 Am J Rev ed Ins § 239. Protected by insurance. The person protected by an automobile liability policy, although not the insured named in the policy, by virtue of the standard provision of the policy extending the protection to any person using the vehicle covered by the policy with the permission of the named insured. Libero v Lumbermen's Mut. Casualty Co. 141 Conn 574, 108 A2d 533, 47 ALR2d 550. The circumstance that one who takes out a policy of insurance on his own life may never obtain the benefits of the insurance directly is of no weight against considering him as the "insured," such a contract being his, at least in part. Heffelfinger v Commissioner (CA8) 87 F2d 991, 109 ALR 1045, cert den 302 US 690, 82 L Ed 533, 58 S Ct 10. When used as a noun in fire insurance policies, the word should be construed to include the person whose property is insured and his legal representatives, but, in the absence of clauses protecting other persons, it should not be extended to include any other persons, such as a mortgagee of the property. Collinsvdle Sav. Soc. v Boston Ins. Co. 17 Conn 676, 60 A 647. See loss payable clause; mortgagee clause; standard mortgagee clause.