What is the difference between a policyholder and an insured?

The difference between a policyholder and an insured in Arizona is one of responsibility and liability. The policyholder is the person or business that purchases an insurance policy. This person is the one making the payments to the insurance company, and they are the beneficiary of any claims that may come as a result of their policy. The insured is the person, persons, property, or company that is covered in the policy. The insured is the person who will be compensated for any losses that occur as a result of an insurance claim. The policyholder is generally the one responsible for making the claim in the event of loss or damage. Thepolicyholder is also the one who is liable for any payments associated with any claim or lawsuit in court. In some cases, the policyholder will be responsible for paying any attorney fees. The insured may also have to pay any costs associated with the filing of a claim. The insured is the person or entity that is benefiting from the insurance policy and receiving the benefit of the coverage purchased by the policyholder. They are also the party that will be compensated for any losses that may occur as a result of an insurance claim. In some cases, the insured will be responsible for any deductible that applies. In summary, a policyholder is the individual or business that purchases an insurance policy, and is the beneficiary of any claims that may arise. The insured is the person, persons, property, or company that is covered in the policy and is the one being compensated for any losses that occur.

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What is the difference between a policyholder and an insured?

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