What does First Named Insured mean? Read on to discover the definition & meaning of the term First Named Insured - to help you better understand the language used in insurance policies.
First Named Insured
The person or entity listed first on the policy declarations page as an insured. This primary or first named insured is granted certain rights and responsibilities that do not apply to the policy's other named insureds. Examples of additional rights of first named insureds are the receipt of cancellation notice and return premiums. Unique responsibilities include the notice of loss requirements and premium payment obligations.
We hope the you have a better understanding of the meaning of First Named Insured.