Noun has 1 sense

• insured(n = noun.person) insured person - a person whose interests are protected by an insurance policy; a person who contracts for an insurance policy that indemnifies him against loss of property or life or health etc.;

Adjective has 1 sense

• insured(a = adj.all) - covered by insurance; "all members of the film cast and crew are insured"; "an insured risk"

Antonym: uninsured