When speaking about insurance, the word "insured" is commonly used to refer to the person or entity that is covered by an insurance policy. However, there are several synonyms that can be used to describe this same concept. For example, the term "policyholder" is often used to refer to the person who has purchased an insurance policy. Another synonym for "insured" is "assured," which can be used to denote a person or entity that has protection against a certain risk. Additionally, the term "beneficiary" can be used to refer to a person who will receive the benefits of an insurance policy if the insured party experiences a covered loss.