What is the term used to describe the individual covered by an insurance policy?

The term that describes the individual covered by an insurance policy is "insured." This refers to the person or entity that holds the insurance policy and is entitled to receive benefits and coverage as outlined in the policy terms. In the context of crop insurance, the insured is typically the farmer or producer who seeks protection against losses due to various risks, such as adverse weather conditions or pests.

Understanding the implications of being the insured is crucial, as it defines the rights and responsibilities of the policyholder, including the obligation to pay premiums and the right to file a claim in the event of a loss. The concept clarifies the relationship between the insurance provider and the policyholder, ensuring that coverage is provided in line with the insured’s interests.

Other terms provided in the options refer to different roles within the insurance process. For example, a beneficiary is the person designated to receive benefits upon the insured’s death or other qualifying events, while an underwriter assesses risk and determines policy terms and premiums. An adjuster is responsible for evaluating claims and determining the payout amount to the insured. Thus, while all terms are integral to the insurance framework, "insured" distinctly identifies the individual receiving coverage.