In an insurance policy, the named insured is typically the first individual or entity listed in the declarations section. This person or entity has specific rights and responsibilities under the policy, including the ability to make changes, file claims, and receive notice of policy changes or cancellations. This designation is crucial because it establishes who is primarily responsible for the policy and who will be covered under its terms.
The declarations page serves as a summary of the policy and includes important details such as the coverage amounts and the parties involved. Listing the first person as the named insured emphasizes their primary role in the agreement with the insurer.
While others may be included as additional insureds or may be covered under the policy, they do not have the same level of authority or recognition as the named insured, who holds the principal position in the contractual relationship with the insurance company.