Plural form of assured; persons who are insured or guaranteed protection under an insurance policy.
From assured (adjective/noun form) plus -s plural suffix. In insurance terminology, 'the assureds' refers to all the people covered by a single policy.
In insurance documents, you'll see 'the assureds' to mean everyone protected by one policy—like when a family policy covers the parents and kids. It's a legal term that precisely identifies who gets paid if something goes wrong.
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