Who is considered the named insured in an insurance policy?

The named insured in an insurance policy is the individual or entity specifically identified on the declarations page of the policy. This page outlines the key details of the coverage, including the names of the insured parties, their addresses, and the types of coverage they are entitled to under the policy. The named insured is granted the full benefits of the insurance coverage and has a legal relationship with the insurer, allowing them to file claims and make changes to the policy.

In contrast, individuals listed on exclusions are specifically denied coverage, and those exempt from coverage do not receive any benefits under the policy, which further illustrates the importance of being named on the declarations to qualify for coverage. Additionally, a third party involved in the contract, such as additional insureds or beneficiaries, may have certain rights but is not the primary insured person who holds the policy. Therefore, being listed on the declarations clearly defines a person as the named insured and establishes their rights and responsibilities under the insurance policy.