What describes the insured or policy holder?

• A. A Person Or Entity Purchasing the Insurance and Who Is Protected by the Policy
• B. The Insurer
• C. The Vehicle Owner
• D. The Policyholder

Answer: (A)

The insured or policy holder is the person or entity that buys the policy and is protected by it. This means they’re the one who enters into the contract with the insurer and receive the coverage outlined in the policy. The insurer is the company providing the coverage, and the vehicle owner is the asset holder—though not always the same as the person who holds or benefits from the policy. The description that combines both who purchases the insurance and who is protected best identifies the insured or policy holder.