What Does Named Insured Mean? [Explained]

What Does Named Insured Mean

The term “named insured” refers to a specific person or entity that is listed on an insurance policy.  Being named as an insured on a policy provides that party with certain rights and responsibilities relating to the policy.  Understanding what…

What Is An Insurance Guarantor? [Explained]

What Is An Insurance Guarantor

An insurance guarantor is a person who agrees to fulfill the policy obligations if the policyholder fails to make payments or meet certain requirements as per the insurance contract.  The guarantor provides a guarantee to the insurance company that the…